Personal Affordable Living Inc

Analysis

Personal Affordable Living Inc is a registered charity in United States, based in Golden, CO. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Personal Affordable Living Inc reported income of $474k and spending of $73k, leaving 85% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $474k (+544%), an average of +544% a year. The sharpest change came in the year to December 2023, when income rose by 544%. Over the whole period it spent 26% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Personal Affordable Living Inc 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 69th percentile, and in the 67th percentile within CO. Charities of a similar size with the same main cause include House of Peace & Education Inc ($474k), Tolani Lake Enterprises Inc ($475k) and Pregnancy Counseling Center ($474k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 12% of the total. Compensation of current officers, directors and key employees was $17k (23% of expenses). Other salaries and wages came to $12k. At year end it held assets of $458k against liabilities of $33k, net assets of $425k. It reported 2 employees.