Gaining Ground Inc

Analysis

Gaining Ground Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in February 1992, 34 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 December 2023, Gaining Ground Inc reported income of $1.3m and spending of $800k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $568k to $1.3m (+122%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 46%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gaining Ground Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Boston Library Consortium ($1.3m), San Bernardino Symphony Association ($1.3m) and Florida Ballet at Jacksonville Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $466k. At year end it held assets of $2.5m against liabilities of $41k, net assets of $2.5m. It reported 8 employees.