Gwinnett Housing Corporation

Analysis

Gwinnett Housing Corporation is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in April 1998, 28 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, Gwinnett Housing Corporation reported income of $1.1m and spending of $1.2m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $375k to $1.1m (+203%), an average of +32% a year. The sharpest change came in the year to June 2020, when income rose by 154%. Over the whole period it spent 72% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gwinnett Housing Corporation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Talbot Interfaith Shelter Inc ($1.1m), Miss Laura M Raymond Homes Inc ($1.1m) and Home City Development Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $171k. At year end it held assets of $7.7m against liabilities of $1.8m, net assets of $5.9m. It reported 4 employees.