Gunner Thames Memorial Foundation

Analysis

Gunner Thames Memorial Foundation is a registered charity in United States, based in Driftwood, TX. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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, Gunner Thames Memorial Foundation reported income of $132k and spending of $133k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $132k (-25%), an average of -25% a year. The sharpest change came in the year to December 2023, when income dropped by 25%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gunner Thames Memorial Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 47th percentile within TX. Charities of a similar size with the same main cause include Sknvue Corporation ($132k), Jewish Outreach Iranian Network ($132k) and Love for Lane County ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% of the total. At year end it held assets of $144k against liabilities of $0, net assets of $144k.