Gilead Group Inc

Analysis

Gilead Group Inc is a registered charity in United States, based in Thomson, GA. It received its IRS tax-exemption ruling in July 2009, 17 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Gilead Group Inc reported income of $121k and spending of $28k, leaving 77% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $121k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gilead Group Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Fall River Group Homes Inc ($121k), Plum Baseball & Softball Association ($121k) and Champ Foundation ($121k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.8% and program service revenue 91% of the total. At year end it held assets of $98k against liabilities of $58k, net assets of $40k.