First Gethsemane Center for Family Development Inc

Analysis

First Gethsemane Center for Family Development Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, First Gethsemane Center for Family Development Inc reported income of $173k and spending of $204k, spending 118% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income fell from $368k to $173k (-53%), an average of -17% a year. The sharpest change came in the year to December 2022, when income rose by 83%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Gethsemane Center for Family Development Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within KY. Charities of a similar size with the same main cause include House of Helping Hands ($173k), Raising Harts Corporation ($173k) and GC Cares Inc ($173k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $34k (17% of expenses). At year end it held assets of $468k against liabilities of $2,099, net assets of $466k. It reported 2 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.