Gye Corp

Analysis

Gye Corp is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Gye Corp reported income of $2.3m and spending of $2.9m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $813k to $2.3m (+177%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 99% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gye Corp sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Truth for Today World Mission School Inc ($2.2m), The Biologos Foundation Inc ($2.3m) and Erie United Methodist Alliance ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $442k against liabilities of $17k, net assets of $425k.