Gault Grove Apartments Inc

Analysis

Gault Grove Apartments Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 1994, 32 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 December 2023, Gault Grove Apartments Inc reported income of $166k and spending of $181k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $146k to $166k (+14%), an average of +14% a year. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gault Grove Apartments Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within SC. Charities of a similar size with the same main cause include Booth Manor-Columbus Inc ($166k), Lakewood Housing Inc ($166k) and Diamond Sunrise II Corporation ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 37% of the total. At year end it held assets of $377k against liabilities of $1.1m, net assets of -$695k.