Park Bixby Towers Inc

Analysis

Park Bixby Towers Inc is a registered charity in United States, based in Encino, CA. It received its IRS tax-exemption ruling in April 1986, 40 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 March 2024, Park Bixby Towers Inc reported income of $4.3m and spending of $3.5m, spending 80% of its income. Across the 6 years on record, from March 2019 to March 2024, income grew from $2.8m to $4.3m (+53%), an average of +8.9% a year. The sharpest change came in the year to March 2024, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Park Bixby Towers Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Mid-Peninsula Half Moon Bay Inc ($4.3m), Greater Pomona Housing Development Corporation ($4.3m) and Nazareth Housing Inc ($4.3m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 72% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $430k (12% of expenses). Other salaries and wages came to $200k. At year end it held assets of $6.4m against liabilities of $6.2m, net assets of $153k. It reported 7 employees.