Gilead II Inc

Analysis

Gilead II Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gilead II Inc reported income of $86k and spending of $96k, spending 113% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $81k to $86k (+6.1%), an average of +1.5% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gilead II Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within WI. Charities of a similar size with the same main cause include Christian Outreach Training & Research Institute ($86k), Mercer County Coalition for Drug Awareness ($86k) and Mission Uplift Life ($86k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 92% of the total. At year end it held assets of $175k against liabilities of $584k, net assets of -$410k.

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.