Gamaliel Foundation

Analysis

Gamaliel Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1971, 55 years ago. 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 2022, Gamaliel Foundation reported income of $1.6m and spending of $1.5m, spending 92% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $1.2m to $1.6m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2020, when income rose by 79%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gamaliel Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Sonshine Day Preschool Inc ($1.6m), Vatican Observatory Foundation a Nonprofit Corporation ($1.6m) and Wee Care Child Center Inc ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 74% and program service revenue 26% of the total. Other salaries and wages came to $325k. At year end it held assets of $1.2m against liabilities of $89k, net assets of $1.1m. It reported 9 employees.