Gem City Housing

Analysis

Gem City Housing is a registered charity in United States, based in Laramie, WY. It received its IRS tax-exemption ruling in May 1984, 42 years ago. 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, Gem City Housing reported income of $104k and spending of $74k, leaving 29% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income fell from $119k to $104k (-12%), an average of -4.2% a year. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gem City Housing sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WY. Charities of a similar size with the same main cause include Mobile Meals of Westfield ($104k), Cast Your Cares Inc ($104k) and Southwest Bible Camp Inc ($104k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $500k against liabilities of $150k, net assets of $350k.