Thelma Gibson Health Initiative

Analysis

Thelma Gibson Health Initiative is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in April 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Thelma Gibson Health Initiative reported income of $931k and spending of $878k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.4m to $931k (-35%), an average of -8.2% a year. The sharpest change came in the year to June 2021, when income rose by 72%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Thelma Gibson Health Initiative sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within FL. Charities of a similar size with the same main cause include Lemons of Love Inc ($931k), MSHH Donor Closet ($931k) and Musculoskeletal Tumor Society ($931k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $578k. At year end it held assets of $1.3m against liabilities of $12k, net assets of $1.3m.