Gibb Springfield Village Inc

Analysis

Gibb Springfield Village Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in May 2002, 24 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gibb Springfield Village Inc reported income of $82k and spending of $136k, spending 167% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $84k to $82k (-3.2%), an average of -0.8% a year. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gibb Springfield Village Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 35th percentile within FL. Charities of a similar size with the same main cause include Accessible Residences Inc ($82k), Firehouse Place Inc ($82k) and Belmeno Hope Harbor Housing ($82k).

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 $12k. At year end it held assets of $501k against liabilities of $50k, net assets of $451k.

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.