Germantown Home Section 202 Corporation

Analysis

Germantown Home Section 202 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 202 Corporation reported income of $672k and spending of $891k, spending 133% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $598k to $672k (+12%), an average of +4.0% a year. Over the whole period it spent 138% 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 202 Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within PA. Charities of a similar size with the same main cause include Mhany 1999 Housing Development Fund Corporation ($671k), Champ Homes Inc ($672k) and Salisbury Community Development Corporation ($671k).

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 $103k. At year end it held assets of $4.8m against liabilities of $2.0m, net assets of $2.8m.

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.