Gibb Chipley Village Inc

Analysis

Gibb Chipley Village Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in April 2016, 10 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 (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 2024, Gibb Chipley Village Inc reported income of $101k and spending of $137k, spending 136% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $84k to $101k (+19%), an average of +4.5% a year. Over the whole period it spent 141% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gibb Chipley Village Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Goldstar Senior Shared Housing & Community Development ($101k), Algood Housing Development Corporation ($101k) and LSSH Housing South Willow Inc ($100k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Other salaries and wages came to $16k. At year end it held assets of $1.2m against liabilities of $31k, net assets of $1.2m.

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.