LA Playa Apartments

Analysis

LA Playa Apartments is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 2000, 26 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 June 2024, LA Playa Apartments reported income of $179k and spending of $318k, spending 178% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $158k to $179k (+13%), an average of +2.5% a year. Over the whole period it spent 189% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, LA Playa Apartments sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Timberlawn Place Inc ($179k), Harrisburg Fair Housing Council Inc ($179k) and Sisters in Recovery Inc ($178k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 45% and program service revenue 55% of the total. Other salaries and wages came to $16k. At year end it held assets of $3.2m against liabilities of $5.6m, net assets of -$2.4m.

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.