Gainesville Housing Corporation

Analysis

Gainesville Housing Corporation is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in August 2014, 12 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 September 2023, Gainesville Housing Corporation reported income of $714k and spending of $636k, spending 89% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $714k (-43%), an average of -13% a year. The sharpest change came in the year to September 2023, when income dropped by 47%. Over the whole period it spent 26% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gainesville Housing Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within GA. Charities of a similar size with the same main cause include Access Foundation Corp ($713k), Chicago Community Land Trust ($714k) and East Chinatown Housing Development Fund Company Inc ($713k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.5% and program service revenue 82% of the total. At year end it held assets of $6.9m against liabilities of $110k, net assets of $6.8m.