Gates Mills Improvement Society

Analysis

Gates Mills Improvement Society is a registered charity in United States, based in Gates Mills, OH. It received its IRS tax-exemption ruling in October 2014, 12 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, Gates Mills Improvement Society reported income of $103k and spending of $93k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $97k to $103k (+6.4%), an average of +6.4% a year. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gates Mills Improvement Society sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 38th percentile within OH. Charities of a similar size with the same main cause include Oakmont Community Development Corporation ($103k), Trinity Coalition ($103k) and Fred M Fuller Tuw ($103k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $245k against liabilities of $0, net assets of $245k.