Gunn Foundation

Analysis

Gunn Foundation is a registered charity in United States, based in Palo Alto, CA. It received its IRS tax-exemption ruling in March 2022, 4 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 June 2024, Gunn Foundation reported income of $107k and spending of $138k, spending 129% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $127k to $107k (-16%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gunn Foundation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include San Diego Rhythmic Gymnastics Academy ($107k), Sherman Band Boosters ($107k) and Quad County African American Chamber of Commerce ($107k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% of the total. At year end it held assets of $981k against liabilities of $128k, net assets of $853k.