Southwest Florida Gwi Housing III Inc

Analysis

Southwest Florida Gwi Housing III Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Southwest Florida Gwi Housing III Inc reported income of $99k and spending of $162k, spending 163% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $86k to $99k (+15%), an average of +3.6% a year. Over the whole period it spent 147% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southwest Florida Gwi Housing III Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 40th percentile within FL. Charities of a similar size with the same main cause include Sno Valley Tilth ($99k), Friends of Delaware Veterans Inc ($99k) and Odc Foundation Inc ($99k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $13k. At year end it held assets of $377k against liabilities of $1.2m, net assets of -$787k.

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.