The Geanco Foundation

Analysis

The Geanco Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2023, The Geanco Foundation reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.1m (-35%), an average of -10% a year. The sharpest change came in the year to December 2023, when income rose by 81%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Geanco Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Junior Achievement of Alabama Inc ($1.1m), United States Indonesia Society ($1.1m) and American Academy of Diplomacy ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $332k (32% of expenses). At year end it held assets of $955k against liabilities of $81k, net assets of $874k. It reported 2 employees.