Southwest Florida Gwi Housing IX Inc

Analysis

Southwest Florida Gwi Housing IX Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in February 2002, 24 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 IX Inc reported income of $90k and spending of $152k, spending 168% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $82k to $90k (+9.6%), an average of +2.3% a year. Over the whole period it spent 148% 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 IX Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Nursing Foundation of Pennsylvania ($90k), Ibew Local 134 Helping Hand Charitable Trust ($90k) and Interfaith Council on Needs St Landry Inc ($90k).

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 $14k. At year end it held assets of $383k against liabilities of $974k, net assets of -$591k.

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.