Gaeda Revitalization Corporation

Analysis

Gaeda Revitalization Corporation is a registered charity in United States, based in Alexandria, LA. It received its IRS tax-exemption ruling in March 2017, 9 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 December 2022, Gaeda Revitalization Corporation reported income of $289k and spending of $369k, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $188k to $289k (+54%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 124%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gaeda Revitalization Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Cass Clay Community Land Trust ($289k), Cil Woods Inc ($289k) and Neighborhood Housing Services of San Antonio Inc ($289k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (21% of expenses). Other salaries and wages came to $25k. At year end it held assets of $313k against liabilities of $225k, net assets of $88k. It reported 2 employees.

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.