Inver Grove Heights Good Samaritan Housing Inc

Analysis

Inver Grove Heights Good Samaritan Housing Inc is a registered charity in United States, based in Camarillo, CA. It received its IRS tax-exemption ruling in March 2006, 20 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Inver Grove Heights Good Samaritan Housing Inc reported income of $414k and spending of $473k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $346k to $414k (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 21%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Inver Grove Heights Good Samaritan Housing Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Firehouse 23 Qalicb ($414k), Pocono Area Transitional Housing Inc ($414k) and Affordable Housing Opportunities Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. Other salaries and wages came to $53k. At year end it held assets of $2.7m against liabilities of $59k, net assets of $2.7m.

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.