Pioneer Square Apartments

Analysis

Pioneer Square Apartments is a registered charity in United States, based in Spokane, WA. It received its IRS tax-exemption ruling in July 1978, 48 years ago. 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 September 2023, Pioneer Square Apartments reported income of $556k and spending of $606k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $433k to $556k (+28%), an average of +6.5% a year. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Pioneer Square Apartments sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Beaches Area Historical Society Inc ($556k), Suffolk Festivals Inc ($556k) and United Christian Ministries of Jackson County Inc ($556k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 69% and program service revenue 31% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.8m against liabilities of $2.4m, net assets of -$577k.