Gnome Foundation Inc

Analysis

Gnome Foundation Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 September 2023, Gnome Foundation Inc reported income of $556k and spending of $654k, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $877k to $556k (-37%), an average of -11% a year. The sharpest change came in the year to September 2021, when income dropped by 69%. Over the whole period it spent 119% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gnome Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Finish First Academy ($556k), Ladies Learning to Lead Inc ($556k) and Glen Highland Farm Inc ($556k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Other salaries and wages came to $243k. At year end it held assets of $861k against liabilities of $78k, net assets of $783k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.