Gilead III Inc

Analysis

Gilead III Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in October 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 III Inc reported income of $72k and spending of $73k, spending 101% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $56k to $72k (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2024, when income rose by 15%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gilead III Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WI. Charities of a similar size with the same main cause include Brass City Residences Inc ($72k), Jacksonville Housing Solutions Inc ($72k) and Presidential Place Inc ($72k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 90% of the total. At year end it held assets of $210k against liabilities of $403k, net assets of -$193k.

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.