Geer Village Housing & Development Company

Analysis

Geer Village Housing & Development Company is a registered charity in United States, based in Canaan, CT. It received its IRS tax-exemption ruling in December 1989, 37 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 September 2023, Geer Village Housing & Development Company reported income of $405k and spending of $634k, spending 157% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $385k to $405k (+5.2%), an average of +1.3% a year. Over the whole period it spent 154% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Geer Village Housing & Development Company sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 64th percentile within CT. Charities of a similar size with the same main cause include Lac Courte Oreilles Ojibwa Public Broadcasting Corp ($405k), Arc of San Juan County Inc ($405k) and Angel Faces Inc ($405k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $85k. At year end it held assets of $3.0m against liabilities of $96k, net assets of $2.9m.

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.