Palouse Cove Housing Group

Analysis

Palouse Cove Housing Group is a registered charity in United States, based in Pullman, WA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Palouse Cove Housing Group reported income of $66k and spending of $121k, spending 182% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $69k to $66k (-3.1%), an average of -0.8% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Palouse Cove Housing Group sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 21st percentile within WA. Charities of a similar size with the same main cause include Homes Anew II Ltd ($66k), Accessible Housing Inc ($66k) and Lutheran Residences Inc ($66k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. Other salaries and wages came to $14k. At year end it held assets of $221k against liabilities of $919k, net assets of -$698k.

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.