Somerset Gables Parents Association Inc

Analysis

Somerset Gables Parents Association Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 June 2023, Somerset Gables Parents Association Inc reported income of $101k and spending of $149k, spending 147% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $101k to $101k (+0.7%), an average of +0.2% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Somerset Gables Parents Association Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Nextep Charitable Foundation ($101k), Nourish Every Child ($101k) and Communities Revolutionizing Open Public Spaces ($101k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.