Garden Grove Housing Corporation

Analysis

Garden Grove Housing Corporation is a registered charity in United States, based in Irvine, CA. It received its IRS tax-exemption ruling in May 2001, 25 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, Garden Grove Housing Corporation reported income of $2.0m and spending of $1.4m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $2.0m (+23%), an average of +5.3% a year. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garden Grove Housing Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Council Gardens ($2.0m), Sugar Valley Lodge Inc ($2.0m) and Senior Isle Inn Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. At year end it held assets of $8.5m against liabilities of $5.4m, net assets of $3.1m.