Parthenia Street Senior Citizen Housing Corporation

Analysis

Parthenia Street Senior Citizen Housing Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in January 2005, 21 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 August 2023, Parthenia Street Senior Citizen Housing Corporation reported income of $678k and spending of $1.0m, spending 151% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $569k to $678k (+19%), an average of +4.5% a year. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parthenia Street Senior Citizen Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Pioneer Place Senior Housing Inc ($678k), Marineland Community Association Inc ($678k) and Ahepa 110 Inc ($678k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $9.0m against liabilities of $3.4m, net assets of $5.6m.

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.