LA Posada at Park Centre Inc

Analysis

LA Posada at Park Centre Inc is a registered charity in United States, based in Green Valley, AZ. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, LA Posada at Park Centre Inc reported income of $51.2m and spending of $49.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $44.2m to $51.2m (+16%), an average of +3.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, LA Posada at Park Centre Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within AZ. Charities of a similar size with the same main cause include National Center for Children and Families ($51.2m), Southminster Inc ($51.2m) and The Village for Families & Children Inc ($51.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $1.5m (3.0% of expenses). Other salaries and wages came to $21.0m. At year end it held assets of $389.5m against liabilities of $338.2m, net assets of $51.4m. It reported 715 employees.