Granada Gardens RHF Housing Inc

Analysis

Granada Gardens RHF Housing Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in December 1996, 30 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, Granada Gardens RHF Housing Inc reported income of $1.8m and spending of $2.2m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.8m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2023, when income rose by 18%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Granada Gardens RHF Housing Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Housing Development Consortium of Seattle-King County ($1.8m), New Orleans Women & Childrens Shelter Inc ($1.8m) and Community Housing Management Corp ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.4% and program service revenue 81% of the total. At year end it held assets of $9.1m against liabilities of $1.2m, 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.