Gilford Village Knolls Inc

Analysis

Gilford Village Knolls Inc is a registered charity in United States, based in Bedford, NH. It received its IRS tax-exemption ruling in July 1986, 40 years ago. 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, Gilford Village Knolls Inc reported income of $278k and spending of $340k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $274k to $278k (+1.5%), an average of +0.4% a year. Over the whole period it spent 121% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilford Village Knolls Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within NH. Charities of a similar size with the same main cause include General Federation of Womens Clubs ($278k), St Helena Nursery School Corporation ($278k) and Starting Point of NJ Inc ($278k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $611k against liabilities of $1.4m, net assets of -$800k.

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.