Hannah Gray Home Incorporated

Analysis

Hannah Gray Home Incorporated is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 1987, 39 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 September 2023, Hannah Gray Home Incorporated reported income of $1.0m and spending of $1.2m, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $834k to $1.0m (+21%), an average of +4.9% a year. The sharpest change came in the year to September 2021, when income rose by 101%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hannah Gray Home Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Family Service of the Chautauqua Region Inc ($1.0m), Eaglesnest Group Center ($1.0m) and Lapeer Area Citizens Against Domestic Assault ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Other salaries and wages came to $418k. At year end it held assets of $1.3m against liabilities of $907k, net assets of $369k. It reported 24 employees.