Gvec Charitable Foundation

Analysis

Gvec Charitable Foundation is a registered charity in United States, based in Gonzales, TX. It received its IRS tax-exemption ruling in June 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Gvec Charitable Foundation reported income of $389k and spending of $342k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $362k to $389k (+7.5%), an average of +1.8% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Gvec Charitable Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 71st percentile within TX. Charities of a similar size with the same main cause include Victory Housing Inc ($389k), Grandview Retirement Home Inc ($390k) and VPH Adult Retirement Center ($389k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $182k against liabilities of $3,546, net assets of $179k.