Park Village Apartments Inc

Analysis

Park Village Apartments Inc is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in July 1993, 33 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, Park Village Apartments Inc reported income of $3.9m and spending of $2.2m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.6m to $3.9m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Park Village Apartments Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Oceanic Society Expeditions ($3.9m), Horry County Council on Aging ($3.9m) and Leeway School ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12.9m against liabilities of $912k, net assets of $12.0m.