Gastrointestinal Specialists Foundation Inc

Analysis

Gastrointestinal Specialists Foundation Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gastrointestinal Specialists Foundation Inc reported income of $7.8m and spending of $11.5m, spending 147% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $9.0m to $7.8m (-13%), an average of -3.5% a year. The sharpest change came in the year to September 2021, when income rose by 21%. Over the whole period it spent 132% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gastrointestinal Specialists Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Baltic Street Aeh Inc ($7.8m), Council on Alcoholism & Drug Abuse ($7.8m) and Harmony Services Inc ($7.8m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $4.0m (35% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $1.4m against liabilities of $23.8m, net assets of -$22.3m. It reported 60 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.