Park Place of Alliance Inc

Analysis

Park Place of Alliance Inc is a registered charity in United States, based in Canton, OH. It received its IRS tax-exemption ruling in April 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Park Place of Alliance Inc reported income of $655k and spending of $110k, leaving 83% of income unspent that year. Across the 5 years on record, from October 2019 to October 2023, income grew from $81k to $655k (+710%), an average of +69% a year. The sharpest change came in the year to October 2023, when income rose by 690%. Over the whole period it spent 54% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Park Place of Alliance Inc 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 74th percentile within OH. Charities of a similar size with the same main cause include Worcester Jewish Community Housing for the Elderly Inc ($655k), Holy Cross Village Foundation Inc ($655k) and Wood River Community Housing Trust Inc ($655k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $765.