Paula Apartments Inc

Analysis

Paula Apartments Inc is a registered charity in United States, based in San Jose, CA. It received its IRS tax-exemption ruling in July 2001, 25 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, Paula Apartments Inc reported income of $453k and spending of $479k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $453k (+19%), an average of +4.4% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Paula Apartments Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Salem RHF Housing Inc ($453k), Community Housing Sonoma County ($453k) and Elmhurst House Inc ($453k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.4m against liabilities of $2.7m, net assets of -$279k.

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.