Gtia Foundation Inc

Analysis

Gtia Foundation Inc is a registered charity in United States, based in Oakbrook Ter, IL. It received its IRS tax-exemption ruling in December 1999, 27 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gtia Foundation Inc reported income of $6.8m and spending of $3.8m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $6.8m (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 64%. Over the whole period it spent 67% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gtia Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include The Shirley Ware Education Center Health Care Workers Union Local ($6.8m), Goodtemps Inc ($6.9m) and Trinity Alliance of the Capital Region Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $914k (24% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.9m against liabilities of $511k, net assets of $6.4m. It reported 26 employees.