The 5 Gyres Institute

Analysis

The 5 Gyres Institute is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in August 2010, 16 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 September 2023, The 5 Gyres Institute reported income of $1.1m and spending of $1.3m, spending 115% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.2m to $1.1m (-2.8%), an average of -0.7% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The 5 Gyres Institute sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Bengali Association of Greater Chicago ($1.1m), Sigma Tau Delta Society Inc ($1.1m) and Onaben ($1.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $446k (35% of expenses). Other salaries and wages came to $306k. It paid $57k in professional fundraising fees. At year end it held assets of $953k against liabilities of $159k, net assets of $794k. It reported 9 employees.