Southwest Florida Gwi Housing XV Inc

Analysis

Southwest Florida Gwi Housing XV 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 XV Inc reported income of $120k and spending of $203k, spending 169% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $101k to $120k (+19%), an average of +4.4% a year. Over the whole period it spent 156% 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 XV Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Fosters Solutions ($120k), Winona Sheltering Network ($120k) and Asi Rochester Inc ($120k).

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 $18k. At year end it held assets of $1.5m against liabilities of $2.1m, net assets of -$612k.

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.