HFL Palms Court

Analysis

HFL Palms Court is a registered charity in United States, based in Glendale, CA. It received its IRS tax-exemption ruling in February 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, HFL Palms Court reported income of $304k and spending of $544k, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $304k (+28%), an average of +6.3% a year. Over the whole period it spent 144% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, HFL Palms Court sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include East Valley Properties Inc ($304k), Defiance Thrift Store ($304k) and Foundation for Abilities First Ny ($304k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $760k against liabilities of $2.6m, net assets of -$1.8m.

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.