Park Hill Residence Inc

Analysis

Park Hill Residence Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in September 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Park Hill Residence Inc reported income of $1.3m and spending of $1.4m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.3m (+19%), an average of +4.4% a year. The sharpest change came in the year to June 2021, when income rose by 17%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Park Hill Residence Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within CO. Charities of a similar size with the same main cause include Mexican American Council Inc ($1.3m), Mason County Senior Activities Association ($1.3m) and Young Mens Christian Association of Oswego Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $692k. At year end it held assets of $892k against liabilities of $1.4m, net assets of -$504k.

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.