Gablestage Inc

Analysis

Gablestage Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in March 1980, 46 years ago. 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, Gablestage Inc reported income of $2.4m and spending of $2.4m, spending 99% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.1m to $2.4m (+117%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 181%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gablestage Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 89th percentile within FL. Charities of a similar size with the same main cause include Neurofit Networks Inc ($2.4m), Advent Christian General Conference of America ($2.4m) and Our School ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $63k (2.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.1m against liabilities of $516k, net assets of $1.6m. It reported 84 employees.