Gladstone Housing Inc

Analysis

Gladstone Housing Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1995, 31 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 June 2023, Gladstone Housing Inc reported income of $133k and spending of $195k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $130k to $133k (+2.5%), an average of +0.6% a year. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gladstone Housing Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 42nd percentile within NC. Charities of a similar size with the same main cause include Eye of a Needle Foundation ($133k), Kceoc Housing Corporation ($133k) and St Joseph Helpers ($133k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. At year end it held assets of $649k against liabilities of $51k, net assets of $598k.

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.