Gibson Foundation Resource Center Inc

Analysis

Gibson Foundation Resource Center Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2007, 19 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 (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, Gibson Foundation Resource Center Inc reported income of $1.0m and spending of $1.3m, spending 129% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $963k to $1.0m (+6.4%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gibson Foundation Resource Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include River City Community Development Corporation ($1.0m), Reliant Asset Management Solutions ($1.0m) and Veritas Impact Partners ($1.0m).

Compensation of current officers, directors and key employees was $55k (4.1% of expenses). Other salaries and wages came to $568k. At year end it held assets of $368k against liabilities of $0, net assets of $368k. It reported 36 employees.