In the Gap Inc

Analysis

In the Gap Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in February 2011, 15 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, In the Gap Inc reported income of $962k and spending of $765k, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $572k to $962k (+68%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, In the Gap Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within OK. Charities of a similar size with the same main cause include World Worship Church ($961k), Junk Atique Outlet a Non-Profit Corporation ($962k) and Sri Viswayogi Viswamjee Foundation Universal Integration & Peace Inc ($961k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $70k (9.2% of expenses). Other salaries and wages came to $297k. At year end it held assets of $468k against liabilities of $8,784, net assets of $459k. It reported 14 employees.