Gilbert Residence Inc

Analysis

Gilbert Residence Inc is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in February 1955, 71 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, Gilbert Residence Inc reported income of $7.2m and spending of $6.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $7.2m (+2.8%), an average of +0.7% a year. The sharpest change came in the year to December 2021, when income rose by 29%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gilbert Residence Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Commonsense Childbirth Inc ($7.2m), Charterhouse School Inc ($7.2m) and Glaucoma Research Foundation ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $343k (5.1% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $19.2m against liabilities of $4.6m, net assets of $14.6m. It reported 222 employees.