Germantown Home Section 811 Corporation

Analysis

Germantown Home Section 811 Corporation is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2002, 24 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, Germantown Home Section 811 Corporation reported income of $301k and spending of $379k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $407k to $301k (-26%), an average of -9.6% a year. The sharpest change came in the year to June 2021, when income dropped by 30%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Germantown Home Section 811 Corporation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include United Methodist Nomads ($301k), American Housing Preservation Corporation ($301k) and Mission24 Inc ($301k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $63k. At year end it held assets of $2.2m against liabilities of $3.1m, net assets of -$895k.

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.