Palm Court Senior Homes Inc

Analysis

Palm Court Senior Homes Inc is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in December 1996, 30 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 December 2023, Palm Court Senior Homes Inc reported income of $569k and spending of $1.1m, spending 191% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $890k to $569k (-36%), an average of -11% a year. The sharpest change came in the year to December 2023, when income rose by 1566%. Over the whole period it spent 342% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Palm Court Senior Homes Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within CA. Charities of a similar size with the same main cause include Volunteers of America Inc ($569k), Second Baptist Housing Association Inc ($570k) and Willbridge of Santa Barbara Inc ($569k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 99% of the total. At year end it held assets of $769k against liabilities of $1.2m, net assets of -$463k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.