GTBL Development Corp

Analysis

GTBL Development Corp is a registered charity in United States, based in Youngstown, OH. It received its IRS tax-exemption ruling in September 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, GTBL Development Corp reported income of $379k and spending of $331k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $301k to $379k (+26%), an average of +5.9% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, GTBL Development Corp sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include George Gervin Retirement Apartments ($379k), New Hull Street Housing Development Fund Company Inc ($379k) and Community Development Alternatives Inc ($379k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 79% of the total. At year end it held assets of $6.0m against liabilities of $3.1m, net assets of $2.8m.