Tahoe Senior Plaza Inc

Analysis

Tahoe Senior Plaza Inc is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in April 1998, 28 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 September 2023, Tahoe Senior Plaza Inc reported income of $642k and spending of $628k, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $452k to $642k (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2023, when income rose by 19%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tahoe Senior Plaza Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Phyllis Wheatley Homes Inc ($642k), Samaritan House Inc ($642k) and US Lottport Housing Development Fund Corporation ($641k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $2.6m against liabilities of $4.8m, net assets of -$2.2m.