Gatesville Care Center

Analysis

Gatesville Care Center is a registered charity in United States, based in Gatesville, TX. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover food, agriculture and nutrition, 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 December 2023, Gatesville Care Center reported income of $380k and spending of $393k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $330k to $380k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2021, when income rose by 34%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gatesville Care Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 70th percentile within TX. Charities of a similar size with the same main cause include Family Promise of Lycoming County Incorporated ($380k), Cause Foundation ($380k) and Elaine ($380k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $43k (11% of expenses). At year end it held assets of $923k against liabilities of $5,127, net assets of $917k.