Gordies Foundation Inc

Analysis

Gordies Foundation Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Gordies Foundation Inc reported income of $100k and spending of $100k, spending 100% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $7,050 to $100k (+1318%), an average of +277% a year. The sharpest change came in the year to December 2023, when income rose by 703%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gordies Foundation Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Morning Star Community Development Corporation Inc ($100k), Ccdec One Inc ($100k) and Ujamaa Community Development Corporation ($100k).

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 $500 against liabilities of $0, net assets of $500.