Grey Eagle Housing Association

Analysis

Grey Eagle Housing Association is a registered charity in United States, based in Grey Eagle, MN. It received its IRS tax-exemption ruling in January 1981, 45 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Grey Eagle Housing Association reported income of $61k and spending of $81k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $86k to $61k (-29%), an average of -8.1% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grey Eagle Housing Association sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 20th percentile within MN. Charities of a similar size with the same main cause include Communtiy Apartments Corporation of Metrolina 5 ($61k), Odd Fellows Holding Company Inc ($61k) and Efcdc Financial Support Corporation ($61k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 126% of the total. Compensation of current officers, directors and key employees was $20k (25% of expenses). Other salaries and wages came to $15k. At year end it held assets of $443k against liabilities of $0, net assets of $443k.

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.