G R F 9812 Lockport Road Inc

Analysis

G R F 9812 Lockport Road Inc is a registered charity in United States, based in Niagara Falls, NY. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, G R F 9812 Lockport Road Inc reported income of $90k and spending of $136k, spending 152% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $90k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 26%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, G R F 9812 Lockport Road Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within NY. Charities of a similar size with the same main cause include Loretto Properties Corporation ($90k), Tau Crossing Housing Corporation II ($90k) and LT C-Ii Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 55% of the total. Other salaries and wages came to $16k. At year end it held assets of $720k against liabilities of $1.0m, net assets of -$328k. It reported 2 employees.

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.