G I S Housing V Inc

Analysis

G I S Housing V Inc is a registered charity in United States, based in St Petersburg, FL. It received its IRS tax-exemption ruling in December 1992, 34 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, G I S Housing V Inc reported income of $612k and spending of $743k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $568k to $612k (+7.8%), an average of +1.9% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, G I S Housing V Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within FL. Charities of a similar size with the same main cause include Orion Area Not-For-Profit Housing Corp ($612k), Affordable Housing Associates of Lynn Inc ($612k) and Mt Pleasant Community Development Corporation ($611k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $130k. At year end it held assets of $2.3m against liabilities of $100k, net assets of $2.2m. 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.