The Kelly Gibson Foundation

Analysis

The Kelly Gibson Foundation is a registered charity in United States, based in Mandeville, LA. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Kelly Gibson Foundation reported income of $692k and spending of $536k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $450k to $692k (+54%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 46%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Kelly Gibson Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within LA. Charities of a similar size with the same main cause include Excel Community Development Corporation ($692k), Charity Guild Inc ($692k) and WM Emergency Support Fund Inc ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $118k (22% of expenses). Other salaries and wages came to $43k. At year end it held assets of $1.2m against liabilities of $57k, net assets of $1.1m. It reported 4 employees.