Gusinje Foundation Inc

Analysis

Gusinje Foundation Inc is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in July 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, Gusinje Foundation Inc reported income of $56k and spending of $33k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $22k to $56k (+151%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 151%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gusinje Foundation Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 24th percentile within NY. Charities of a similar size with the same main cause include Straight Caribbean Spine Foundation ($56k), Kta Funding Hope Foundation ($56k) and The William a and Genevieve H Strong Foundation TR ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 104% of the total. At year end it held assets of $242k against liabilities of $0, net assets of $242k.