Gary Educational Development Foundation Inc

Analysis

Gary Educational Development Foundation Inc is a registered charity in United States, based in Gary, IN. It received its IRS tax-exemption ruling in April 1962, 64 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, Gary Educational Development Foundation Inc reported income of $629k and spending of $212k, leaving 66% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $581k to $629k (+8.2%), an average of +2.0% a year. The sharpest change came in the year to December 2023, when income rose by 983%. Over the whole period it spent 31% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gary Educational Development Foundation Inc sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 74th percentile within IN. Charities of a similar size with the same main cause include Dothan High School Booster Club Inc ($629k), Christ Community Preschool ($629k) and Joshua Inc ($629k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.8% of the total. Compensation of current officers, directors and key employees was $94k (45% of expenses). At year end it held assets of $5.8m against liabilities of $0, net assets of $5.8m. It reported 2 employees.