Park Place RHF Housing

Analysis

Park Place RHF Housing is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Park Place RHF Housing reported income of $7.3m and spending of $7.6m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.6m to $7.3m (+11%), an average of +2.7% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Park Place RHF Housing 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 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Operation Finally Home ($7.3m), Homeowners Rehab Inc ($7.3m) and Lucha Contra El Sida Inc ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $10.8m against liabilities of $28.6m, net assets of -$17.8m.

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.