Gibson Society Inc

Analysis

Gibson Society Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1959, 67 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 September 2023, Gibson Society Inc reported income of $211k and spending of $161k, leaving 24% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $156k to $211k (+35%), an average of +7.8% a year. The sharpest change came in the year to September 2021, when income rose by 180%. Over the whole period it spent 72% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gibson Society Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Chelsea Athletic Boosters Inc ($211k), Blount County Education Foundation ($211k) and Northern Virginia Lions Youth Camp Inc ($211k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 15% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m. It reported 18 employees.