Glen Aire Mobilehome Park Corporation

Analysis

Glen Aire Mobilehome Park Corporation is a registered charity in United States, based in Santa Ana, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2024, Glen Aire Mobilehome Park Corporation reported income of $1.3m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.0m to $1.3m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 131%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Glen Aire Mobilehome Park Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Eastern American Certified Development Company Inc ($1.3m), Madison Park Economic Development Corporation ($1.3m) and Northern Arizona Technology & Business Incubator ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 97% of the total. At year end it held assets of $3.4m against liabilities of $5.0m, net assets of -$1.6m.