Galvan Housing Resources Inc

Analysis

Galvan Housing Resources Inc is a registered charity in United States, based in Hudson, NY. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Galvan Housing Resources Inc reported income of $683k and spending of $737k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $428k to $683k (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Galvan Housing Resources Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include Market District Improvement Corporation ($681k), Kalamazoo Electrical Training Alliance ($683k) and W L C Management Company Inc ($681k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. Other salaries and wages came to $132k. At year end it held assets of $4.3m against liabilities of $2.6m, net assets of $1.7m. It reported 4 employees.