Great Expectations Housing Corporation

Analysis

Great Expectations Housing Corporation is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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, Great Expectations Housing Corporation reported income of $73k and spending of $125k, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $67k to $73k (+8.6%), an average of +2.1% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 137% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Great Expectations Housing Corporation sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Training Orchestra Inc ($73k), PTA New York Congress ($73k) and Bristol Art Museum ($73k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. At year end it held assets of $495k against liabilities of $1.1m, net assets of -$644k.

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.