Gilead House

Analysis

Gilead House is a registered charity in United States, based in Novato, CA. It received its IRS tax-exemption ruling in June 2000, 26 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, Gilead House reported income of $327k and spending of $398k, spending 122% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $361k to $327k (-9.5%), an average of -2.5% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gilead House sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Amber Village Housing Corporation ($327k), Hale Lokahi Akahi ($327k) and Council of Governments Housing Corporation ($327k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 8.3% of the total. Other salaries and wages came to $174k. At year end it held assets of $3.4m against liabilities of $859k, net assets of $2.5m. It reported 4 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.