Grove Park Renewal Inc

Analysis

Grove Park Renewal Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in January 2020, 6 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, Grove Park Renewal Inc reported income of $1.2m and spending of $1.4m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.5m to $1.2m (-74%), an average of -29% a year. The sharpest change came in the year to December 2022, when income rose by 144%. Over the whole period it spent 37% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grove Park Renewal Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include MSGR Robert Fox Memorial Shelter Fox House ($1.2m), United Pejepscot Housing Inc Pejepscot Terrace ($1.2m) and Village of Orlando Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $56k (4.0% of expenses). At year end it held assets of $10.8m against liabilities of $5.2m, net assets of $5.7m. It reported 7 employees.