Gonzales Independence Homes

Analysis

Gonzales Independence Homes is a registered charity in United States, based in Seguin, TX. It received its IRS tax-exemption ruling in May 2011, 15 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 December 2023, Gonzales Independence Homes reported income of $330k and spending of $340k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $330k (+18%), an average of +4.3% a year. The sharpest change came in the year to December 2021, when income rose by 28%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gonzales Independence Homes sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 68th percentile within TX. Charities of a similar size with the same main cause include My Sisters Keeper ($330k), United Church Residences of Oxford Mississippi Inc ($330k) and Pec Foundation ($330k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $78k. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$373k.