Greenwood Elderly Housing Inc

Analysis

Greenwood Elderly Housing Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in March 1989, 37 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, Greenwood Elderly Housing Inc reported income of $487k and spending of $422k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $487k (+8.1%), an average of +2.0% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greenwood Elderly Housing Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 74th percentile within GA. Charities of a similar size with the same main cause include Kings Crossing Apartments ($486k), His Daughters House ($487k) and Public Safety Acadmey Housing Inc ($486k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $100k. At year end it held assets of $468k against liabilities of $685k, net assets of -$217k.