Gibb Bainbridge Village Inc

Analysis

Gibb Bainbridge Village Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in April 1997, 29 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 2024, Gibb Bainbridge Village Inc reported income of $175k and spending of $221k, spending 127% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $238k to $175k (-27%), an average of -7.4% a year. The sharpest change came in the year to June 2021, when income dropped by 38%. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gibb Bainbridge Village Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 54th percentile within FL. Charities of a similar size with the same main cause include Friendz Inc ($175k), Monarch Disabled Housing Inc ($175k) and South Shore Village Leased Housing Corporation ($175k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $31k. At year end it held assets of $579k against liabilities of $42k, net assets of $537k.

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.