Palo Alto Senior Housing Project Inc

Analysis

Palo Alto Senior Housing Project Inc is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in June 1965, 61 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, Palo Alto Senior Housing Project Inc reported income of $754k and spending of $111k, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $997k to $754k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2022, when income dropped by 38%. Over the whole period it spent 335% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Palo Alto Senior Housing Project Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($754k), Hopebuilders Home Repair Inc ($755k) and Safe Haven Farms Inc ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 91% of the total. At year end it held assets of $11.3m against liabilities of $13.9m, net assets of -$2.6m.