Glenn-Verde Housing Inc

Analysis

Glenn-Verde Housing Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in September 2011, 15 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 June 2023, Glenn-Verde Housing Inc reported income of $186k and spending of $215k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $162k to $186k (+15%), an average of +3.5% a year. Over the whole period it spent 125% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glenn-Verde Housing Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within AZ. Charities of a similar size with the same main cause include Bethel Gardens Inc ($186k), Homes for McConnellsburg Inc ($186k) and Dwight Way Housing Inc ($186k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.3m against liabilities of $3.0m, net assets of -$717k.

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.