Gainesville Community Ministry Inc

Analysis

Gainesville Community Ministry Inc is a registered charity in United States, based in Gainesville, FL. It received its IRS tax-exemption ruling in June 1977, 49 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gainesville Community Ministry Inc reported income of $493k and spending of $444k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $493k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gainesville Community Ministry Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include National Institute for Community ($493k), Independence Place Inc ($494k) and Sylvias Place ($493k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.7% of the total. Compensation of current officers, directors and key employees was $51k (11% of expenses). Other salaries and wages came to $185k. At year end it held assets of $556k against liabilities of $46k, net assets of $510k. It reported 16 employees.