Ginger Cove Residents Club

Analysis

Ginger Cove Residents Club is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Ginger Cove Residents Club reported income of $406k and spending of $371k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $406k (+9.1%), an average of +2.2% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ginger Cove Residents Club sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Cleburne County Cares Inc ($406k), Battle Services Inc ($406k) and Pizza Klatch ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.