Garden Way Housing Inc

Analysis

Garden Way Housing Inc is a registered charity in United States, based in Sharon, PA. It received its IRS tax-exemption ruling in September 2005, 21 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 2024, Garden Way Housing Inc reported income of $223k and spending of $312k, spending 140% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $191k to $223k (+16%), an average of +3.9% a year. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garden Way Housing Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Home Again Inc ($222k), Hearth Inc ($223k) and Missions Senior Community Inc ($222k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $49k. At year end it held assets of $2.2m against liabilities of $3.4m, net assets of -$1.2m.

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.