Palmer Senior Housing Inc

Analysis

Palmer Senior Housing Inc is a registered charity in United States, based in Clackamas, OR. It received its IRS tax-exemption ruling in December 2004, 22 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 June 2024, Palmer Senior Housing Inc reported income of $56k and spending of $75k, spending 134% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $42k to $56k (+32%), an average of +5.7% a year. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Palmer Senior Housing Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within OR. Charities of a similar size with the same main cause include Group Home One Housing Corporation ($56k), Hermitage Homes for Elderly Inc ($56k) and Hope Ministry Project Inc ($56k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $250. At year end it held assets of $510k against liabilities of $895k, net assets of -$385k.

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.