Gresham Hills Inc

Analysis

Gresham Hills Inc is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in August 1992, 34 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 October 2023, Gresham Hills Inc reported income of $377k and spending of $389k, spending 103% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $316k to $377k (+19%), an average of +4.5% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gresham Hills Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Gibb Oakridge Village Inc ($377k), Village Gardens RHF Housing Inc ($377k) and Hearts Desire ($377k).

On its Form 990 for the period ending October 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $79k. At year end it held assets of $1.0m against liabilities of $1.7m, net assets of -$646k.

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.