GDL Estates Corporation

Analysis

GDL Estates Corporation is a registered charity in United States, based in Warrington, PA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending May 2023, GDL Estates Corporation reported income of $2.9m and spending of $2.2m, leaving 22% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income fell from $2.9m to $2.9m (-2.4%), an average of -0.6% a year. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, GDL Estates Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Calhoun County Senior Citizens Association Inc ($2.9m), Pittsburgh Gateways Corporation ($2.9m) and Country Village Day School Inc ($2.9m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 93% of the total. Other salaries and wages came to $368k. At year end it held assets of $13.6m against liabilities of $7.9m, net assets of $5.6m. It reported 8 employees.