Goshen Housing Trust Inc

Analysis

Goshen Housing Trust Inc is a registered charity in United States, based in Goshen, CT. It received its IRS tax-exemption ruling in March 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Goshen Housing Trust Inc reported income of $205k and spending of $345k, spending 168% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $1.1m to $205k (-82%), an average of -58% a year. The sharpest change came in the year to December 2022, when income dropped by 85%. Over the whole period it spent 51% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Goshen Housing Trust Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Sitka Community Development Corporation ($205k), Preserve Jade East Apartments Inc ($205k) and Murfreesboro Rescue Mission Inc ($205k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.1% and program service revenue 94% of the total. Other salaries and wages came to $41k. At year end it held assets of $2.2m against liabilities of $1.6m, net assets of $668k. It reported 1 employees.