Southwest Florida Gwi Housing Xvi Inc

Analysis

Southwest Florida Gwi Housing Xvi Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 2012, 14 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Southwest Florida Gwi Housing Xvi Inc reported income of $99k and spending of $169k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $95k to $99k (+4.4%), an average of +1.1% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southwest Florida Gwi Housing Xvi Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Village Shalom Apartments ($99k), Pikeville Affordable Housing Corporation Inc ($99k) and Delta Community Housing Project ($99k).

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 $17k. At year end it held assets of $1.5m against liabilities of $2.1m, net assets of -$581k.

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.