The Gem Foundation

Analysis

The Gem Foundation is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in August 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, The Gem Foundation reported income of $1.1m and spending of $944k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.1m (+2.3%), an average of +0.6% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 109% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Gem Foundation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 77th percentile within AZ. Charities of a similar size with the same main cause include Happy Life Childrens Home Inc ($1.1m), American Friends of Jordan River Village Foundation ($1.1m) and Haiti Kids School ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $71k (7.5% of expenses). At year end it held assets of $721k against liabilities of $1,772, net assets of $720k. It reported 2 employees.