Gamma Iota Sigma

Analysis

Gamma Iota Sigma is a registered charity in United States, based in Powell, OH. It received its IRS tax-exemption ruling in April 1983, 43 years ago. 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, Gamma Iota Sigma reported income of $1.5m and spending of $1.5m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.5m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2022, when income rose by 38%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gamma Iota Sigma 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 84th percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Success Stories Program ($1.5m), Greater Indianapolis Literacy League Inc ($1.5m) and Our Space Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $201k (14% of expenses). Other salaries and wages came to $402k. At year end it held assets of $1.4m against liabilities of $470k, net assets of $961k. It reported 7 employees.