GSBC Community Development Corp

Analysis

GSBC Community Development Corp is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2021, GSBC Community Development Corp reported income of $376k and spending of $380k, spending 101% of its income. Across the 4 years on record, from December 2017 to December 2021, income fell from $747k to $376k (-50%), an average of -20% a year. The sharpest change came in the year to December 2020, when income dropped by 50%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, GSBC Community Development Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Shack Harris and Doug Williams Foundation Inc ($375k), Family Promise of Clear Creek ($376k) and Air Capital Charities Inc ($375k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 21% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $79k (21% of expenses). Other salaries and wages came to $6,886. At year end it held assets of $133k against liabilities of $100k, net assets of $33k. It reported 33 employees.