Gilman Housing Trust Inc

Analysis

Gilman Housing Trust Inc is a registered charity in United States, based in Saint Johnsbury, VT. It received its IRS tax-exemption ruling in June 1986, 40 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 December 2023, Gilman Housing Trust Inc reported income of $9.6m and spending of $8.1m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.3m to $9.6m (+194%), an average of +31% a year. The sharpest change came in the year to December 2020, when income rose by 150%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gilman Housing Trust Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within VT. Charities of a similar size with the same main cause include Homeless Emergency Project Inc ($9.6m), Earth Advantage Inc ($9.6m) and Iccf Community Home ($9.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $280k (3.4% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $26.1m against liabilities of $13.2m, net assets of $13.0m. It reported 72 employees.