Gaamha Inc

Analysis

Gaamha Inc is a registered charity in United States, based in Gardner, MA. It received its IRS tax-exemption ruling in August 1968, 58 years ago. 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 June 2023, Gaamha Inc reported income of $12.3m and spending of $10.2m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $12.3m (+138%), an average of +24% a year. The sharpest change came in the year to June 2023, when income rose by 44%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaamha Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include M I K I D Mentally Ill Kids in Distress ($12.3m), Independence School Inc ($12.3m) and Ocean Wise Conservation Association ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 14% of the total. Other salaries and wages came to $5.7m. At year end it held assets of $10.8m against liabilities of $4.8m, net assets of $6.0m. It reported 270 employees.