Gainesville Nonprofit Development Foundation Inc

Analysis

Gainesville Nonprofit Development Foundation Inc is a registered charity in United States, based in Gainesville, GA. It received its IRS tax-exemption ruling in November 1971, 55 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 June 2023, Gainesville Nonprofit Development Foundation Inc reported income of $53k and spending of $39k, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $68k to $53k (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2020, when income rose by 995%. Over the whole period it spent 69% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gainesville Nonprofit Development Foundation Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 21st percentile within GA. Charities of a similar size with the same main cause include Share-A-Vision Co Inc ($53k), Friends of the Homeless Inc ($54k) and East 5th Street Apartments Inc ($53k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 61% of the total. At year end it held assets of $2.1m against liabilities of $312k, net assets of $1.8m.