Glastonbury Assisted Housing Non-Profit Inc

Analysis

Glastonbury Assisted Housing Non-Profit Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in September 2000, 26 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glastonbury Assisted Housing Non-Profit Inc reported income of $748k and spending of $910k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $69k to $748k (+991%), an average of +82% a year. The sharpest change came in the year to December 2020, when income rose by 801%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glastonbury Assisted Housing Non-Profit Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within CT. Charities of a similar size with the same main cause include Lutheran Housing Corporation of Alpena ($748k), Homes of Love Inc ($749k) and Lewis & Clark Housing Developers ($748k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $2.9m against liabilities of $3.5m, net assets of -$647k.

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.