Casa de Palma Inc

Analysis

Casa de Palma Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in June 1976, 50 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 March 2022, Casa de Palma Inc reported income of $240k and spending of $203k, spending 84% of its income. Across the 3 years on record, from March 2020 to March 2022, income grew from $231k to $240k (+4.0%), an average of +2.0% a year. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Casa de Palma Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within FL. Charities of a similar size with the same main cause include Nna Fund ($240k), 512 Lemoyne Avenue Housing Development Fund Co Inc ($240k) and Endowment for Houston Habitat for Humanity ($240k).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 80% and program service revenue 20% of the total. Other salaries and wages came to $29k. At year end it held assets of $280k against liabilities of $10k, net assets of $270k.