Kirk H and Joann P Gibson Family Foundation for Parkinsons Research

Analysis

Kirk H and Joann P Gibson Family Foundation for Parkinsons Research is a registered charity in United States, based in Farmington Hills, MI. It received its IRS tax-exemption ruling in September 2018, 8 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 2023, Kirk H and Joann P Gibson Family Foundation for Parkinsons Research reported income of $1.0m and spending of $888k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.7m to $1.0m (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 106%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kirk H and Joann P Gibson Family Foundation for Parkinsons Research sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Froedtert West Bend Hospital Foundation Inc ($1.0m), Scottish Rite Foundation of Nebraska Inc ($1.0m) and Alport Syndrome Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $290k (33% of expenses). Other salaries and wages came to $135k. At year end it held assets of $3.7m against liabilities of $266k, net assets of $3.4m. It reported 5 employees.