Eden Palms Inc

Analysis

Eden Palms Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eden Palms Inc reported income of $466k and spending of $88k, leaving 81% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $87k to $466k (+435%), an average of +52% a year. The sharpest change came in the year to December 2023, when income rose by 1214%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Eden Palms Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Disabled Adults Residential Enterprises ($466k), Lytton IV Housing Corporation ($466k) and Black Hills Workshop Residential Services Inc ($466k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 99% of the total. At year end it held assets of $120k against liabilities of $1.7m, net assets of -$1.6m.