Gasoline Alley Foundation Inc

Analysis

Gasoline Alley Foundation Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2022, Gasoline Alley Foundation Inc reported income of $77k and spending of $37k, leaving 52% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $3,090 to $77k (+2407%), an average of +193% a year. The sharpest change came in the year to December 2022, when income rose by 1355%. Over the whole period it spent 68% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gasoline Alley Foundation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Kiowa County Economic Development Foundation ($77k), National Charity League Inc ($77k) and Head Corporation ($77k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $0, net assets of $48k.