Glenville State College Housing Corporation

Analysis

Glenville State College Housing Corporation is a registered charity in United States, based in Glenville, WV. It received its IRS tax-exemption ruling in June 1973, 53 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Glenville State College Housing Corporation reported income of $343k and spending of $222k, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $750k to $343k (-54%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 51%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glenville State College Housing Corporation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 62nd percentile within WV. Charities of a similar size with the same main cause include Clarksville Community Development Corporation ($343k), Evergreen Village Inc ($343k) and Support Services for the Developmentally Disabled ($343k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $4.2m against liabilities of $1.4m, net assets of $2.8m.