Hollywood Parkview Apartments

Analysis

Hollywood Parkview Apartments is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 1997, 29 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, Hollywood Parkview Apartments reported income of $247k and spending of $292k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $247k (-3.9%), an average of -1.0% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hollywood Parkview Apartments sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within CA. Charities of a similar size with the same main cause include Kilkenny Corp ($247k), Home Savers of Delaware County ($247k) and Poplar Street Housing Inc ($247k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $45k. At year end it held assets of $1.0m against liabilities of $430k, net assets of $595k.

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.