Gedakina Inc

Analysis

Gedakina Inc is a registered charity in United States, based in Essex, VT. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, 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, Gedakina Inc reported income of $458k and spending of $400k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $399k to $458k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 81%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gedakina Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 63rd percentile within VT. Charities of a similar size with the same main cause include Consumer Fund of Texas Inc ($458k), Twin Cities Innovation Alliance ($458k) and Rural Preservation Company of Clinton County Inc ($458k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $89k (22% of expenses). Other salaries and wages came to $151k. At year end it held assets of $1.1m against liabilities of $4,832, net assets of $1.1m. It reported 13 employees.