Gan Kavod Inc

Analysis

Gan Kavod Inc is a registered charity in United States, based in New Hartford, NY. It received its IRS tax-exemption ruling in August 1990, 36 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, Gan Kavod Inc reported income of $8.6m and spending of $8.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.4m to $8.6m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gan Kavod Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Catholic Charities of the Diocese of Sioux City ($8.6m), St Josephs Elder Services Inc ($8.6m) and Montana Independent Living Project Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $5.0m. At year end it held assets of $7.2m against liabilities of $2.7m, net assets of $4.4m. It reported 212 employees.