Gemma Foundation

Analysis

Gemma Foundation is a registered charity in United States, based in Plymouth MTNG, PA. It received its IRS tax-exemption ruling in October 1995, 31 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Gemma Foundation reported income of $1.1m and spending of $23k, leaving 98% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $69k to $1.1m (+1541%), an average of +101% a year. The sharpest change came in the year to June 2020, when income rose by 1278%. Over the whole period it spent 0.9% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gemma Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within PA. Charities of a similar size with the same main cause include Associa Cares Inc ($1.1m), Triumph Foundation ($1.1m) and Wta Foundation Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $49.5m against liabilities of $271k, net assets of $49.2m.