Gardella Plaza Inc

Analysis

Gardella Plaza Inc is a registered charity in United States, based in Hayward, CA. It received its IRS tax-exemption ruling in February 2004, 22 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, Gardella Plaza Inc reported income of $361k and spending of $620k, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $322k to $361k (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gardella Plaza Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within CA. Charities of a similar size with the same main cause include Breaking Ground III Housing Development Fund Corporation ($361k), Merced Rescue Mission Support Corporation ($361k) and Chelsea Restoration Corporation ($361k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 58% and program service revenue 37% of the total. At year end it held assets of $5.7m against liabilities of $5.5m, net assets of $264k.

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.