The Salvation Army Puyallup Residences

Analysis

The Salvation Army Puyallup Residences is a registered charity in United States, based in Rancho Palos Verdes, CA. It received its IRS tax-exemption ruling in October 1994, 32 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 September 2023, The Salvation Army Puyallup Residences reported income of $376k and spending of $423k, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $302k to $376k (+25%), an average of +5.7% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Salvation Army Puyallup Residences sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include St Johns Mannor ($376k), Kimberly Meadows Corporation ($376k) and Oswego Housing Development Council Inc ($376k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 58% and program service revenue 39% of the total. Other salaries and wages came to $85k. At year end it held assets of $1.7m against liabilities of $34k, net assets of $1.6m. It reported 2 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.