Gap Ministries of Augusta Inc

Analysis

Gap Ministries of Augusta Inc is a registered charity in United States, based in Augusta, GA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Gap Ministries of Augusta Inc reported income of $873k and spending of $383k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $433k to $873k (+101%), an average of +19% a year. The sharpest change came in the year to December 2023, when income rose by 145%. Over the whole period it spent 54% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gap Ministries of Augusta Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 81st percentile within GA. Charities of a similar size with the same main cause include P2r Training and Resource Center Inc ($873k), Washington Heights Community Services Inc ($873k) and Grace House Akron Inc ($873k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $41k (11% of expenses). Other salaries and wages came to $22k. At year end it held assets of $1.3m against liabilities of $5,871, net assets of $1.3m. It reported 2 employees.