Presidio Gate Apartments

Analysis

Presidio Gate Apartments is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in May 1984, 42 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 March 2023, Presidio Gate Apartments reported income of $1.6m and spending of $1.3m, spending 81% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.4m to $1.6m (+22%), an average of +6.8% a year. The sharpest change came in the year to March 2023, when income rose by 21%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presidio Gate Apartments sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Family Promise of Greater Indianapolis Inc ($1.6m), Orinda Senior Housing Foundation ($1.6m) and St Agnes Senior Citizen Housing de Velopment Fund Company Inc ($1.6m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 95% of the total. Other salaries and wages came to $201k. At year end it held assets of $17.7m against liabilities of $4.7m, net assets of $13.0m. It reported 4 employees.