Gbta Foundation

Analysis

Gbta Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in November 1989, 37 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gbta Foundation reported income of $1.4m and spending of $1.1m, spending 84% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.2m to $1.4m (+9.7%), an average of +9.7% a year. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gbta Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include The Virginia Symphony Foundation ($1.4m), Association for Women in Science Inc ($1.4m) and Avoyelles Parish Council on the Aging ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.2% of the total. Other salaries and wages came to $772k. At year end it held assets of $485k against liabilities of $308k, net assets of $177k.