Gavin Foundation Inc

Analysis

Gavin Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Gavin Foundation Inc reported income of $25.6m and spending of $21.1m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.3m to $25.6m (+40%), an average of +8.8% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gavin Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Dayton Foundation Depository ($25.3m), Seeding Justice ($25.7m) and Princeton Area Community Foundation Inc ($25.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 39% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $229k (1.1% of expenses). Other salaries and wages came to $10.6m. It paid $67k in professional fundraising fees. At year end it held assets of $32.6m against liabilities of $7.8m, net assets of $24.8m. It reported 322 employees.