Presidential Gardens Neighborhood Association Inc

Analysis

Presidential Gardens Neighborhood Association Inc is a registered charity in United States, based in Bradford, MA. It received its IRS tax-exemption ruling in August 1994, 32 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 May 2024, Presidential Gardens Neighborhood Association Inc reported income of $3.6m and spending of $4.3m, spending 119% of what it took in. Across the 5 years on record, from May 2020 to May 2024, income grew from $3.3m to $3.6m (+10%), an average of +2.4% a year. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presidential Gardens Neighborhood Association Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include South Park Inn Inc ($3.6m), Luther House ($3.6m) and Coves at River Garden Inc ($3.6m).

On its Form 990 for the period ending May 2024, revenue came from program service revenue 93% of the total. Other salaries and wages came to $544k. At year end it held assets of $18.4m against liabilities of $16.5m, net assets of $1.9m.

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.