Grandview Apartments Inc

Analysis

Grandview Apartments Inc is a registered charity in United States, based in McKeesport, PA. It received its IRS tax-exemption ruling in July 1999, 27 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, Grandview Apartments Inc reported income of $208k and spending of $226k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $161k to $208k (+29%), an average of +8.9% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grandview Apartments Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within PA. Charities of a similar size with the same main cause include Shelter Hope Enterprises Inc ($208k), Parkway Housing Inc ($208k) and Neider House ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.3m against liabilities of $1.9m, net assets of -$523k.

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.