Pasadena Cottages Inc

Analysis

Pasadena Cottages Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2024, Pasadena Cottages Inc reported income of $278k and spending of $152k, leaving 45% of income unspent that year. Across the 2 years on record, from May 2023 to May 2024, income grew from $140k to $278k (+99%), an average of +99% a year. The sharpest change came in the year to May 2024, when income rose by 99%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pasadena Cottages Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within TX. Charities of a similar size with the same main cause include Original Leisure Village Foundation ($278k), No Longer Orphans ($278k) and Open Hands Community Charitable Services ($278k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 45% and program service revenue 54% of the total. At year end it held assets of $227k against liabilities of $167k, net assets of $60k.