Gilead Community Services Inc

Analysis

Gilead Community Services Inc is a registered charity in United States, based in Middletown, CT. It received its IRS tax-exemption ruling in January 1970, 56 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 June 2023, Gilead Community Services Inc reported income of $16.7m and spending of $16.3m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.2m to $16.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilead Community Services Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within CT. Charities of a similar size with the same main cause include Allegheny Christian Ministries Inc ($16.7m), Liberty Lutheran Housing Development Corporation ($16.7m) and Clement Manor Inc ($16.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $366k (2.2% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $5.3m against liabilities of $2.6m, net assets of $2.7m. It reported 311 employees.