Groveton Housing Corporation

Analysis

Groveton Housing Corporation is a registered charity in United States, based in Littleton, NH. It received its IRS tax-exemption ruling in September 1986, 40 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, Groveton Housing Corporation reported income of $149k and spending of $196k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $148k to $149k (+0.3%), an average of +0.1% a year. The sharpest change came in the year to December 2021, when income rose by 32%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Groveton Housing Corporation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within NH. Charities of a similar size with the same main cause include Cottage at Highlands Crossing Inc ($149k), Holly Way II Inc ($149k) and Assisting Children in Need Inc ($149k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $655k against liabilities of $483k, net assets of $172k.

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.