Geel East 182nd Street Corporation

Analysis

Geel East 182nd Street Corporation is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in April 1992, 34 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 June 2023, Geel East 182nd Street Corporation reported income of $480k and spending of $548k, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $472k to $480k (+1.7%), an average of +0.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Geel East 182nd Street Corporation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Southfair Community Development Corporation ($480k), Elderly Housing Development and Operations Corporation ($480k) and Rueben L Speaks Housing Inc ($479k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $65k. At year end it held assets of $124k against liabilities of $183k, net assets of -$59k. It reported 3 employees.

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.