Gimmel Foundation Inc

Analysis

Gimmel Foundation Inc is a registered charity in United States, based in Woodbury, NY. It received its IRS tax-exemption ruling in July 1973, 53 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Gimmel Foundation Inc reported income of $400k and spending of $309k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $400k (-69%), an average of -26% a year. The sharpest change came in the year to December 2020, when income dropped by 81%. Over the whole period it spent 60% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Gimmel Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within NY. Charities of a similar size with the same main cause include Hope Alliance ($400k), Umana Foundation ($400k) and Christian Friends of Israel U S a Inc ($400k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $42k (14% of expenses). At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.