Gibault Care Inc

Analysis

Gibault Care Inc is a registered charity in United States, based in Carmel, IN. It received its IRS tax-exemption ruling in November 2003, 23 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gibault Care Inc reported income of $4.4m and spending of $4.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $4.4m (+27%), an average of +6.1% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gibault Care Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within IN. Charities of a similar size with the same main cause include Youth Exploring Adventure Inc ($4.4m), Unleashing Potential ($4.4m) and Heritage Area Agency on Aging ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 96% of the total. At year end it held assets of $4.6m against liabilities of $1.6m, net assets of $2.9m. It reported 89 employees.