Pahc Sheridan Apartments Inc

Analysis

Pahc Sheridan Apartments Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in September 1998, 28 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pahc Sheridan Apartments Inc reported income of $126k and spending of $526k, spending 417% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $126k (+8.9%), an average of +2.1% a year. Over the whole period it spent 387% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pahc Sheridan Apartments Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Cheyenne Meadows Corp ($126k), For Vietnam ($126k) and Wactor Gardens Phase II Inc ($126k).

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 $161k against liabilities of $2.0m, net assets of -$1.8m.

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.