Ghi Ltd

Analysis

Ghi Ltd is a registered charity in United States, based in Taylors Falls, MN. It received its IRS tax-exemption ruling in November 1999, 27 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 September 2023, Ghi Ltd reported income of $131k and spending of $152k, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $126k to $131k (+3.5%), an average of +0.9% a year. The sharpest change came in the year to September 2022, when income rose by 86%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ghi Ltd sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within MN. Charities of a similar size with the same main cause include Union Avenue Apartments Inc ($131k), Hannahs House ($131k) and Nickel City Housing Corp ($131k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10% and program service revenue 88% of the total. At year end it held assets of $1.2m against liabilities of $20k, net assets of $1.2m.