Gull Lake Area Community Volunteers Inc

Analysis

Gull Lake Area Community Volunteers Inc is a registered charity in United States, based in Richland, MI. It received its IRS tax-exemption ruling in June 1991, 35 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 January 2024, Gull Lake Area Community Volunteers Inc reported income of $59k and spending of $60k, spending 102% of its income. Across the 2 years on record, from January 2023 to January 2024, income grew from $52k to $59k (+12%), an average of +12% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gull Lake Area Community Volunteers Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 22nd percentile within MI. Charities of a similar size with the same main cause include Junior League of Fort Wayne Inc ($59k), Helpers ($59k) and Appa-Association of Higher Education Facilities Officers ($59k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 82% and program service revenue 15% of the total. At year end it held assets of $70k against liabilities of $0, net assets of $70k.