Gleanings Housing Inc

Analysis

Gleanings Housing Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in February 2021, 5 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, Gleanings Housing Inc reported income of $87k and spending of $64k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $145k to $87k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 60% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gleanings Housing Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 32nd percentile within KY. Charities of a similar size with the same main cause include Grandview Resthome Investment Foundation ($87k), Mermentau Elderly Housing Corporation ($87k) and Changing the World Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. At year end it held assets of $375k against liabilities of $64k, net assets of $310k.