Alma Rangel Gardens Housing

Analysis

Alma Rangel Gardens Housing is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 1999, 27 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 June 2023, Alma Rangel Gardens Housing reported income of $1.5m and spending of $1.7m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.1m to $1.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Alma Rangel Gardens Housing sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Jn2117 Feed My Sheep Inc ($1.5m), Boston Post Adoption Resources Inc ($1.5m) and Fellowship of Purpose Early Childhood Learning Center ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Other salaries and wages came to $258k. At year end it held assets of $7.0m against liabilities of $10.8m, net assets of -$3.8m. It reported 12 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.