Galleria Manor Senior Development Inc

Analysis

Galleria Manor Senior Development Inc is a registered charity in United States, based in Smyrna, GA. It received its IRS tax-exemption ruling in June 2012, 14 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 December 2023, Galleria Manor Senior Development Inc reported income of $949k and spending of $992k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $900k to $949k (+5.4%), an average of +1.3% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Galleria Manor Senior Development Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within GA. Charities of a similar size with the same main cause include Neighborlink Indianapolis Foundation Inc ($949k), Beaver County Community Housing Development Organization Inc ($949k) and Alverno Apartments Inc ($948k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $102k. At year end it held assets of $10.7m against liabilities of $2.8m, net assets of $7.9m.

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.