Gis Housing IV Inc

Analysis

Gis Housing IV Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in May 1991, 35 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, Gis Housing IV Inc reported income of $570k and spending of $671k, spending 118% of what it took in. Across the 4 years on record, from June 2019 to June 2023, income grew from $470k to $570k (+21%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gis Housing IV Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Second Baptist Housing Association Inc ($570k), House of Hope Inc ($570k) and Palm Court Senior Homes Inc ($569k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $119k. At year end it held assets of $1.4m against liabilities of $642k, net assets of $803k. It reported 11 employees.

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.