G I L Foundation Inc

Analysis

G I L Foundation Inc is a registered charity in United States, based in Prospect, CT. It received its IRS tax-exemption ruling in September 1987, 39 years ago. 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, G I L Foundation Inc reported income of $6.3m and spending of $6.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $6.3m (+60%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, G I L Foundation Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Satellite Senior Homes Inc ($6.3m), Greenfield Academy Inc ($6.3m) and Education Forward Arizona ($6.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 6.0% of the total. Compensation of current officers, directors and key employees was $135k (2.1% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $2.4m against liabilities of $1.8m, net assets of $564k. It reported 161 employees.