Gi Health Foundation Inc

Analysis

Gi Health Foundation Inc is a registered charity in United States, based in Holmdel, NJ. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Gi Health Foundation Inc reported income of $3.0m and spending of $3.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $3.0m (+5.2%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gi Health Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Merakey Midwest ($3.0m), Trousdale Foundation Inc ($3.0m) and Resilience ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $61k.