Gaines House Inc

Analysis

Gaines House Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in January 1968, 58 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 June 2023, Gaines House Inc reported income of $213k and spending of $241k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $256k to $213k (-17%), an average of -4.5% a year. The sharpest change came in the year to June 2022, when income dropped by 52%. 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, Gaines House Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within AR. Charities of a similar size with the same main cause include Mission for the Homeless Inc ($213k), Helping Hands of Southeast Inc ($213k) and Sioux Residential Services Inc ($213k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 45% and program service revenue 54% of the total. Other salaries and wages came to $108k. At year end it held assets of $780k against liabilities of $1,260, net assets of $779k. It reported 8 employees.