Gong Club Inc

Analysis

Gong Club Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in May 1991, 35 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gong Club Inc reported income of $116k and spending of $46k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87k to $116k (+33%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 61% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gong Club Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 48th percentile within NJ. Charities of a similar size with the same main cause include Springfield Public Forum Inc ($116k), St John Ministry of Care ($116k) and Parent Booster USA Inc ($116k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $540k against liabilities of $0, net assets of $540k.