Great Cranberry Futures Group GCFG

Analysis

Great Cranberry Futures Group GCFG is a registered charity in United States, based in Cranberry Is, ME. It received its IRS tax-exemption ruling in April 1998, 28 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Great Cranberry Futures Group GCFG reported income of $77k and spending of $74k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $77k (-11%), an average of -11% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Great Cranberry Futures Group GCFG sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 23rd percentile within ME. Charities of a similar size with the same main cause include The Delaware Valley Legacy Fund ($77k), Latvian Assoc Daugavas Vanagi Asv Inc ($77k) and International Association of Lions Clubs ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 8.9% and program service revenue 91% of the total. At year end it held assets of $168k against liabilities of $721, net assets of $167k.