Pelican Place Inc

Analysis

Pelican Place Inc is a registered charity in United States, based in Akron, OH. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pelican Place Inc reported income of $96k and spending of $191k, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $96k (+8.4%), an average of +2.0% a year. Over the whole period it spent 155% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pelican Place Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within OH. Charities of a similar size with the same main cause include Wagner Housing Foundation ($96k), Residential Alternatives Atlantic Inc ($96k) and John O Brien House Ltd ($96k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.6% and program service revenue 96% of the total. At year end it held assets of $1.2m against liabilities of $10k, net assets of $1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.