Powell Boulevard Apartments Inc

Analysis

Powell Boulevard Apartments Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Powell Boulevard Apartments Inc reported income of $211k and spending of $281k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $211k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Powell Boulevard Apartments Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within OR. Charities of a similar size with the same main cause include Grifton Mission Ministries Inc ($211k), The Donorsee Foundation ($211k) and Bil Housing Development Fund Company Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 28% of the total. At year end it held assets of $1.2m against liabilities of $564k, net assets of $659k.

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.