Galena Park Terrace

Analysis

Galena Park Terrace is a registered charity in United States, based in Peoria Heights, IL. It received its IRS tax-exemption ruling in January 2000, 26 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 June 2023, Galena Park Terrace reported income of $82k and spending of $9,810, leaving 88% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $85k to $82k (-3.6%), an average of -1.2% a year. The sharpest change came in the year to June 2023, when income rose by 538%. Over the whole period it spent 10% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Galena Park Terrace sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within IL. Charities of a similar size with the same main cause include Dima V Inc ($82k), Massachusetts Avenue Housing Development Fund Corporation ($82k) and Firehouse Place Inc ($82k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 78% of the total. At year end it held assets of $4.9m against liabilities of $0, net assets of $4.9m.