Gospa Village Inc

Analysis

Gospa Village Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in December 2014, 12 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, Gospa Village Inc reported income of $192k and spending of $131k, leaving 32% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $312k to $192k (-38%), an average of -9.2% a year. The sharpest change came in the year to December 2020, when income dropped by 57%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gospa Village Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 50th percentile within NY. Charities of a similar size with the same main cause include Maison Desprit of Lafayette Inc ($192k), Sandwich Senior Housing Committee ($192k) and Hubbard County Senior Housing Inc ($192k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 5.2% of the total. At year end it held assets of $1.3m against liabilities of $35k, net assets of $1.2m.