Palm Terrace Interfaith Housing Corp

Analysis

Palm Terrace Interfaith Housing Corp is a registered charity in United States, based in Lemon Grove, CA. It received its IRS tax-exemption ruling in February 1999, 27 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, Palm Terrace Interfaith Housing Corp reported income of $1.1m and spending of $1.1m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $860k to $1.1m (+25%), an average of +5.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Palm Terrace Interfaith Housing Corp sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Keystone Place Inc ($1.1m), FH Homes Housing Development Fund Corporation ($1.1m) and Nixon Home Care ($1.1m).

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 $124k. At year end it held assets of $2.3m against liabilities of $3.5m, net assets of -$1.2m. It reported 3 employees.