Gmach Life Fund

Analysis

Gmach Life Fund is a registered charity in United States, based in LA Jolla, CA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover human services, 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, Gmach Life Fund reported income of $119k and spending of $83k, leaving 30% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $57k to $119k (+109%), an average of +109% a year. The sharpest change came in the year to December 2023, when income rose by 109%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gmach Life Fund sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Mephibosheth Project ($118k), Anson Meals on Wheels Inc ($119k) and New York State Building Officials ($118k).

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 $199k against liabilities of $0, net assets of $199k.