Gads Hill Support Corporation

Analysis

Gads Hill Support Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gads Hill Support Corporation reported income of $62k and spending of $258k, spending 416% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $330k to $62k (-81%), an average of -34% a year. The sharpest change came in the year to June 2020, when income dropped by 77%. Over the whole period it spent 181% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gads Hill Support Corporation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within IL. Charities of a similar size with the same main cause include Cleveland Development Foundation ($62k), Rhode Island Business Plan Competition ($62k) and Garden Club of Stone Harbor ($62k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.3m against liabilities of $5.9m, net assets of -$629k.

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.