Garnett Senior Housing Foundation Inc

Analysis

Garnett Senior Housing Foundation Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in July 1980, 46 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, Garnett Senior Housing Foundation Inc reported income of $521k and spending of $428k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $476k to $521k (+9.6%), an average of +2.3% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garnett Senior Housing Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within GA. Charities of a similar size with the same main cause include NCR of Camillus Housing Development Fund Co Inc ($521k), Mother Theodore Corporation IV ($521k) and El Rio Mobile Home Park Cooperative ($521k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $94k. At year end it held assets of $675k against liabilities of $461k, net assets of $215k.