Housing Options & Geriatric Association & Resources Inc

Analysis

Housing Options & Geriatric Association & Resources Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Housing Options & Geriatric Association & Resources Inc reported income of $12.6m and spending of $12.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.4m to $12.6m (+50%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Housing Options & Geriatric Association & Resources Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Carepoint Response Inc ($12.6m), Inland Behavioral and Health Services Inc ($12.6m) and Packard Health Inc ($12.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 3.8% of the total. Other salaries and wages came to $3.6m. At year end it held assets of $8.4m against liabilities of $5.7m, net assets of $2.8m. It reported 87 employees.