Gileads Hope Inc

Analysis

Gileads Hope Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gileads Hope Inc reported income of $139k and spending of $87k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $74k to $139k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 104% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gileads Hope Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within TX. Charities of a similar size with the same main cause include Bay Area Club Inc ($139k), Waverly Health Center Foundation ($139k) and Serenity Pastoral Counseling Inc ($139k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $0, net assets of $94k.