Pacific Estates Residence Association

Analysis

Pacific Estates Residence Association is a registered charity in United States, based in Fairfield, CA. It received its IRS tax-exemption ruling in February 1959, 67 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 December 2023, Pacific Estates Residence Association reported income of $1.5m and spending of $1.0m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.5m (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pacific Estates Residence Association sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include Elmwood Park Senior Complex Inc ($1.5m), Trinity Housing Corporation of Greeley ($1.5m) and Central Columbia Senior Living ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $91k (8.8% of expenses). At year end it held assets of $5.5m against liabilities of $2.0m, net assets of $3.6m. It reported 3 employees.