The Salvation Army Hollywood Residences Inc

Analysis

The Salvation Army Hollywood Residences Inc is a registered charity in United States, based in RCH Palos VRD, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, The Salvation Army Hollywood Residences Inc reported income of $903k and spending of $1.2m, spending 132% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $823k to $903k (+9.7%), an average of +2.4% a year. Over the whole period it spent 135% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Salvation Army Hollywood Residences Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Latino Proffesionals in Aerospace Inc ($903k), The Richmond Center ($904k) and Eye on Your Child Care Center 2 ($903k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 52% and program service revenue 44% of the total. Other salaries and wages came to $222k. At year end it held assets of $7.0m against liabilities of $3.4m, net assets of $3.5m. It reported 5 employees.

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.