Palacio Del Sol II Inc

Analysis

Palacio Del Sol II Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in March 2000, 26 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 December 2023, Palacio Del Sol II Inc reported income of $115k and spending of $170k, spending 148% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $54k to $115k (+115%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 147%. Over the whole period it spent 187% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Palacio Del Sol II Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 44th percentile within TX. Charities of a similar size with the same main cause include Ennio Cerquetti Memorial Development Corporation ($115k), Hoboken World War Veterans Holding ($115k) and Sturgis Neighborhood Program ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $18k. At year end it held assets of $828k against liabilities of $126k, net assets of $701k.

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.