Gilead Community Development Corporation Inc

Analysis

Gilead Community Development Corporation Inc is a registered charity in United States, based in Williamsburg, VA. It received its IRS tax-exemption ruling in December 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gilead Community Development Corporation Inc reported income of $103k and spending of $102k, spending 98% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $70k to $103k (+47%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gilead Community Development Corporation 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 38th percentile, and in the 37th percentile within VA. Charities of a similar size with the same main cause include Levites Academy Foundation ($103k), Southside Preservation Association ($103k) and Cherry Tree Elementary Parent Teacher Organization Inc ($103k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. At year end it held assets of $884k against liabilities of $367k, net assets of $516k.