Gillette Apartments No 17 Inc

Analysis

Gillette Apartments No 17 Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gillette Apartments No 17 Inc reported income of $442k and spending of $450k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $412k to $442k (+7.2%), an average of +1.8% a year. The sharpest change came in the year to December 2021, when income rose by 17%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gillette Apartments No 17 Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include Start Easy Eagle Development Corp ($442k), Montana Fair Housing Incorporated ($442k) and Bolton Senior Housing Corporation ($442k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$774k.

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.