Gilead House

Analysis

Gilead House is a registered charity in United States, based in Kokomo, IN. It received its IRS tax-exemption ruling in November 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gilead House reported income of $522k and spending of $535k, spending 103% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $477k to $522k (+9.4%), an average of +1.8% a year. The sharpest change came in the year to December 2020, when income rose by 113%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gilead House sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IN. Charities of a similar size with the same main cause include Change Agent Network Inc ($522k), Rochester Community Care Home Inc ($522k) and Counseling Center at the Crossing Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $71k (13% of expenses). Other salaries and wages came to $242k. At year end it held assets of $491k against liabilities of $31k, net assets of $460k. It reported 10 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.