Gbapp Inc

Analysis

Gbapp Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gbapp Inc reported income of $3.3m and spending of $3.7m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.2m to $3.3m (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2021, when income rose by 19%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gbapp Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Head Start of Eastern Orange County Inc ($3.3m), Living Room Center Inc ($3.4m) and Women Aware Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $247k (6.7% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.3m against liabilities of $351k, net assets of $945k. It reported 86 employees.