Garden Spot Village of Akron

Analysis

Garden Spot Village of Akron is a registered charity in United States, based in New Holland, PA. It received its IRS tax-exemption ruling in November 2009, 17 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Garden Spot Village of Akron reported income of $7.2m and spending of $7.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $7.2m (+10%), an average of +2.4% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garden Spot Village of Akron sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Lodge of Northbrook Inc ($7.1m), Region 9 Uaw Housing Corporation ($7.2m) and Mon Elder Services Inc ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Other salaries and wages came to $3.8m. At year end it held assets of $6.6m against liabilities of $8.8m, net assets of -$2.1m. It reported 149 employees.