Cooperativa Las Tres Palmas

Analysis

Cooperativa Las Tres Palmas is a registered charity in United States, based in Royal Oaks, CA. It received its IRS tax-exemption ruling in April 1999, 27 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, Cooperativa Las Tres Palmas reported income of $199k and spending of $127k, leaving 36% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $81k to $199k (+147%), an average of +20% a year. The sharpest change came in the year to December 2019, when income rose by 134%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cooperativa Las Tres Palmas sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Tuscarawas Affordable Housing Services Corporation ($199k), Montgomery Supported Housing Inc ($199k) and Marysville Quilceda Meadows ($199k).

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 $882k against liabilities of $235k, net assets of $648k.