PPL Properties

Analysis

PPL Properties is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, PPL Properties reported income of $6.7m and spending of $12.2m, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.1m to $6.7m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, PPL Properties sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MN. Charities of a similar size with the same main cause include Regency Management Inc ($6.7m), Homes of Hope Inc ($6.7m) and Hope Community Inc ($6.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 98% of the total. At year end it held assets of $104.9m against liabilities of $117.7m, net assets of -$12.8m.