Gratitude America Inc

Analysis

Gratitude America Inc is a registered charity in United States, based in Fern BCH, FL. It received its IRS tax-exemption ruling in June 2013, 13 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Gratitude America Inc reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $1.6m (+91%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gratitude America Inc sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Guardians for New Futures Inc ($1.6m), Community 43 ($1.6m) and Catholic Charities of Ashtabula County ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $116k (8.2% of expenses). Other salaries and wages came to $432k. At year end it held assets of $1.5m against liabilities of $291k, net assets of $1.2m. It reported 10 employees.