Gratitude Foundation Inc

Analysis

Gratitude Foundation Inc is a registered charity in United States, based in Prescott Vly, AZ. It received its IRS tax-exemption ruling in December 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gratitude Foundation Inc reported income of $1.1m and spending of $404k, leaving 65% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $256k to $1.1m (+347%), an average of +35% a year. The sharpest change came in the year to December 2019, when income rose by 165%. Over the whole period it spent 51% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gratitude Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within AZ. Charities of a similar size with the same main cause include Child Care Resorce Center Inc ($1.1m), Jeremiahs Place - Pittsburgh Relief Nursery ($1.1m) and West River Transit ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $4.4m against liabilities of $1.9m, net assets of $2.6m.