Gideon Pond West Inc

Analysis

Gideon Pond West Inc is a registered charity in United States, based in Roseville, MN. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Gideon Pond West Inc reported income of $537k and spending of $545k, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $504k to $537k (+6.5%), an average of +1.6% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gideon Pond West Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MN. Charities of a similar size with the same main cause include Helping Hands Nutritional Service ($536k), D300 Food Pantry ($537k) and New Jersey State Elks Assoc National Veterans Service Charity ($536k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.9m against liabilities of $2.5m, net assets of -$654k.