Gio Fund Corporation

Analysis

Gio Fund Corporation is a registered charity in United States, based in Leland, NC. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Gio Fund Corporation reported income of $215k and spending of $237k, spending 110% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $295k to $215k (-27%), an average of -15% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 110% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Gio Fund Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NC. Charities of a similar size with the same main cause include Humane Society of Northeast Iowa ($215k), The Humane Society of Stillwater Oklahoma Incorporated ($215k) and Adair County Humane Society Inc ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $15k (6.4% of expenses). Other salaries and wages came to $64k. At year end it held assets of $45k against liabilities of $118k, net assets of -$73k. It reported 11 employees.