Filling the Gap Inc

Analysis

Filling the Gap Inc is a registered charity in United States, based in Jamestown, NY. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Filling the Gap Inc reported income of $850k and spending of $888k, spending 104% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $1.0m to $850k (-16%), an average of -5.8% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Filling the Gap 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 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Viable Inc ($850k), LA Esperanza Inc ($850k) and Institute for Strategic and Equitable Development ($850k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $122k (14% of expenses). Other salaries and wages came to $342k. At year end it held assets of $1.3m against liabilities of $218k, net assets of $1.1m. It reported 9 employees.