Gibault Foundation Inc

Analysis

Gibault Foundation Inc is a registered charity in United States, based in Terre Haute, IN. It received its IRS tax-exemption ruling in March 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gibault Foundation Inc reported income of $19.1m and spending of $1.9m, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $19.1m (+1487%), an average of +100% a year. The sharpest change came in the year to December 2023, when income rose by 1138%. Over the whole period it spent 29% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gibault Foundation Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within IN. Charities of a similar size with the same main cause include New Day Schools Inc ($19.0m), Buck Institute for Education ($19.1m) and Viera Charter Schools Inc ($19.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 4.3% of the total. At year end it held assets of $33.4m against liabilities of $1.8m, net assets of $31.6m.