Gamma Mu Foundation Inc

Analysis

Gamma Mu Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in November 1993, 33 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, Gamma Mu Foundation Inc reported income of $229k and spending of $346k, spending 151% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $818k to $229k (-72%), an average of -35% a year. The sharpest change came in the year to June 2022, when income dropped by 70%. Over the whole period it spent 48% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gamma Mu Foundation Inc sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within FL. Charities of a similar size with the same main cause include Zichron Zvi Chesed Fund ($229k), New American Consortium for Wellness and Empowerment ($229k) and South Pointe Phase II Inc ($229k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $4.7m against liabilities of $2,250, net assets of $4.7m.