The Gillespie Center

Analysis

The Gillespie Center is a registered charity in United States, based in Mound, MN. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Gillespie Center reported income of $239k and spending of $299k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $177k to $239k (+35%), an average of +7.7% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Gillespie Center sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Reeves Community Center Foundationinc ($239k), Renewed Treasures Ministries ($239k) and Springwood Estates Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 0.9% of the total. At year end it held assets of $4.4m against liabilities of $1,156, net assets of $4.4m.