GS Housing Incorporated

Analysis

GS Housing Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in September 1990, 36 years ago. 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 June 2023, GS Housing Incorporated reported income of $1.7m and spending of $1.9m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.7m (+1.6%), an average of +0.4% a year. The sharpest change came in the year to June 2022, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, GS Housing Incorporated sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Regular Baptist Fellowship Inc ($1.7m), Society for Art in Crafts ($1.7m) and San Luis Obispo Child Development Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $63k (3.4% of expenses). Other salaries and wages came to $216k. At year end it held assets of $2.2m against liabilities of $4.9m, net assets of -$2.6m.