Pacific Housing Development Inc

Analysis

Pacific Housing Development Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in November 2004, 22 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, Pacific Housing Development Inc reported income of $80k and spending of $127k, spending 159% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $80k (+9.0%), an average of +2.2% a year. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pacific Housing Development Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within CA. Charities of a similar size with the same main cause include Commonwealth Housing Development Corporation ($80k), Ipock Inc ($80k) and Delia Foundation ($80k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 25% of the total. At year end it held assets of $1.4m against liabilities of $2.3m, net assets of -$880k.

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.