Gackle Future Development Co

Analysis

Gackle Future Development Co is a registered charity in United States, based in Gackle, ND. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Gackle Future Development Co reported income of $1.5m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.1m to $1.5m (+38%), an average of +8.3% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gackle Future Development Co sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within ND. Charities of a similar size with the same main cause include Soul Solutions Recovery Center Inc ($1.5m), Glioblastoma Foundation Inc ($1.5m) and National Patient Advocate Foundation Inc ($1.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 0.3% and program service revenue 98% of the total. Other salaries and wages came to $858k. At year end it held assets of $778k against liabilities of $40k, net assets of $738k. It reported 48 employees.