Palm Coast Elderly Housing Inc

Analysis

Palm Coast Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in March 1987, 39 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 December 2023, Palm Coast Elderly Housing Inc reported income of $144k and spending of $52k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $894k to $144k (-84%), an average of -37% a year. The sharpest change came in the year to December 2021, when income rose by 458%. Over the whole period it spent 50% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Palm Coast Elderly Housing Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 49th percentile within GA. Charities of a similar size with the same main cause include Pennsylvania Branch of the International Dyslexia Assoc ($144k), San Leandro Scholarship Foundation ($144k) and Shenandoah Community Health Foundation ($144k).

At year end it held assets of $2.4m against liabilities of $16k, net assets of $2.4m.