George Gervin Wings of Hope

Analysis

George Gervin Wings of Hope is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in December 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, George Gervin Wings of Hope reported income of $173k and spending of $213k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $123k to $173k (+41%), an average of +8.9% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, George Gervin Wings of Hope 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 50th percentile, and in the 54th percentile within TX. Charities of a similar size with the same main cause include South Shore Community Residences Inc ($172k), Good Shepherd Housing Inc ($173k) and Northern Valley Home ($172k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.8m against liabilities of $27k, net assets of $1.8m.

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.