The Gathering Place a Refuge for Rebuilding Lives

Analysis

The Gathering Place a Refuge for Rebuilding Lives is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1987, 39 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 September 2023, The Gathering Place a Refuge for Rebuilding Lives reported income of $4.9m and spending of $6.3m, spending 129% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.1m to $4.9m (+59%), an average of +12% a year. The sharpest change came in the year to September 2021, when income rose by 73%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Gathering Place a Refuge for Rebuilding Lives sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within CO. Charities of a similar size with the same main cause include Evergreen Estates Housing Development Fund Company Inc ($4.9m), Family Housing Advisory Services Inc ($4.9m) and Westfield Senior Citizens Housing Corp ($4.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $197k (3.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $7.5m against liabilities of $2.4m, net assets of $5.0m. It reported 99 employees.