Southwest Florida Gwi Housing VIII Inv

Analysis

Southwest Florida Gwi Housing VIII Inv is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in April 2002, 24 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 December 2023, Southwest Florida Gwi Housing VIII Inv reported income of $350k and spending of $600k, spending 171% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $504k to $350k (-31%), an average of -8.7% a year. The sharpest change came in the year to December 2020, when income dropped by 31%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southwest Florida Gwi Housing VIII Inv sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include Community Action Network Inc ($350k), Capitol Lakes Foundation Inc ($350k) and United Church Residences of Rome Georgia Inc ($350k).

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 $48k. At year end it held assets of $1.8m against liabilities of $4.8m, net assets of -$2.9m.

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.