Pasadena Village

Analysis

Pasadena Village is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in January 2012, 14 years ago. 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 June 2023, Pasadena Village reported income of $309k and spending of $295k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $224k to $309k (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2022, when income rose by 45%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pasadena Village sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include University of Colorado Childrens Dia ($309k), UCLA Black Alumni Association ($309k) and National Association of Housing & Redevelopment Officials ($309k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $91k (31% of expenses). Other salaries and wages came to $75k. At year end it held assets of $338k against liabilities of $17k, net assets of $321k. It reported 3 employees.