Gen Giammanco Foundation

Analysis

Gen Giammanco Foundation is a registered charity in United States, based in Monterey, CA. It received its IRS tax-exemption ruling in June 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gen Giammanco Foundation reported income of $182k and spending of $77k, leaving 57% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $182k (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 52% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gen Giammanco Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 54th percentile within CA. Charities of a similar size with the same main cause include Shine Your Light ($182k), Addition Financial Foundation Inc ($182k) and Walton Wellness Inc ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $256k against liabilities of $0, net assets of $256k.