Paradise Place

Analysis

Paradise Place is a registered charity in United States, based in Crested Butte, CO. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Paradise Place reported income of $531k and spending of $583k, spending 110% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income grew from $526k to $531k (+1.0%), an average of +0.3% a year. The sharpest change came in the year to August 2021, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Paradise Place sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CO. Charities of a similar size with the same main cause include Meeker County Emergency Food Shelf ($531k), Aptive Gives Back Foundation ($531k) and A Doorway to Hope ($531k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $56k (9.6% of expenses). Other salaries and wages came to $315k. At year end it held assets of $164k against liabilities of $11k, net assets of $153k. It reported 31 employees.