Gull Lake Community Schools Foundation

Analysis

Gull Lake Community Schools Foundation is a registered charity in United States, based in Richland, MI. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Gull Lake Community Schools Foundation reported income of $310k and spending of $250k, spending 81% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $285k to $310k (+8.9%), an average of +2.9% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 79% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gull Lake Community Schools Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include American Institute for Resource and Human Development Inc ($310k), Daub 4 Kidz Inc ($310k) and Westlake Band Parents Inc ($310k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m.