Mission Palms Retirement Housing Inc

Analysis

Mission Palms Retirement Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in June 1984, 42 years ago. 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 February 2024, Mission Palms Retirement Housing Inc reported income of $553k and spending of $562k, spending 102% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $501k to $553k (+10%), an average of +2.5% a year. The sharpest change came in the year to February 2021, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mission Palms Retirement Housing Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Cyt Inc ($553k), Vicente Ferrer Foundation USA Inc ($553k) and Society for Historical Archaeology ($553k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 71% and program service revenue 28% of the total. At year end it held assets of $1.9m against liabilities of $1.6m, net assets of $283k.