Gfoa Endowment Corporation

Analysis

Gfoa Endowment Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Gfoa Endowment Corporation reported income of $567k and spending of $483k, spending 85% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $568k to $567k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to March 2021, when income rose by 706%. Over the whole period it spent 40% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gfoa Endowment Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Royalhouse Chapel New York Mission ($567k), Volusia County Council on Aging Living Gifts Foundation Inc ($567k) and Economic Development Corporation of Elkhart County Inc ($567k).

At year end it held assets of $30.8m against liabilities of $0, net assets of $30.8m.