Gundalow Company

Analysis

Gundalow Company is a registered charity in United States, based in Portsmouth, NH. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gundalow Company reported income of $670k and spending of $707k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $670k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gundalow Company sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within NH. Charities of a similar size with the same main cause include American Christian School and Art Center Inc ($670k), Arch Street Preschool ($670k) and The Montessori Learning Center of Fort Walton Beach Inc ($670k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $81k (11% of expenses). Other salaries and wages came to $346k. At year end it held assets of $1.1m against liabilities of $27k, net assets of $1.1m. It reported 26 employees.