Paloduro II

Analysis

Paloduro II is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in December 2007, 19 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, Paloduro II reported income of $88k and spending of $160k, spending 182% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $88k (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 173% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paloduro II sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within OK. Charities of a similar size with the same main cause include Schenley Heights Collaborative ($88k), Valley of the Sun School Properties Four ($88k) and Maxcen Housing Society New Jersey Branch Inc ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.1m against liabilities of $1.8m, net assets of -$723k.

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.