GVTC Foundation Inc

Analysis

GVTC Foundation Inc is a registered charity in United States, based in New Braunfels, TX. It received its IRS tax-exemption ruling in May 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, GVTC Foundation Inc reported income of $731k and spending of $585k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $769k to $731k (-4.9%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 49%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, GVTC 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 75th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Eagles Nest International Inc ($730k), Moreshet Bat Sheva- Orchot Yosher Inc ($731k) and Friends of Lafayette House ($729k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $2.8m against liabilities of $76k, net assets of $2.7m.