Glynn Paton Residential Corporation

Analysis

Glynn Paton Residential Corporation is a registered charity in United States, based in Savannah, GA. It received its IRS tax-exemption ruling in March 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Glynn Paton Residential Corporation reported income of $60k and spending of $58k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $60k (+9.7%), an average of +9.7% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glynn Paton Residential Corporation sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within GA. Charities of a similar size with the same main cause include New Start Housing Partners Inc ($60k), Lorien Homes Inc ($60k) and Yellow Bird Initiatives ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $60k against liabilities of $197k, net assets of -$137k.