Gibb Oakridge Village Inc

Analysis

Gibb Oakridge Village Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in November 1985, 41 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 March 2024, Gibb Oakridge Village Inc reported income of $377k and spending of $379k, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $547k to $377k (-31%), an average of -8.9% a year. The sharpest change came in the year to March 2021, when income dropped by 28%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gibb Oakridge Village Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include Hearts Desire ($377k), Gresham Hills Inc ($377k) and Westminster Room in the Inn ($377k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $56k. At year end it held assets of $575k against liabilities of $561k, net assets of $13k.

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.