Greenville Re-Development Coproration

Analysis

Greenville Re-Development Coproration is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in December 2015, 11 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, Greenville Re-Development Coproration reported income of $1.8m and spending of $2.8m, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.8m (+49%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 47%. Over the whole period it spent 152% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenville Re-Development Coproration sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Brownstone Gardens Inc ($1.8m), Coordinated Living of Southern Nevada Inc ($1.8m) and Bhap Housing Development Fund Co ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 34% of the total. Other salaries and wages came to $328k. At year end it held assets of $16.8m against liabilities of $2.9m, net assets of $13.9m.

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.