Gap Year Association

Analysis

Gap Year Association is a registered charity in United States, based in Missoula, MT. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gap Year Association reported income of $248k and spending of $285k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $232k to $248k (+6.8%), an average of +3.3% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gap Year Association sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MT. Charities of a similar size with the same main cause include Ocean Shore School Parent Teacher Organization Inc ($248k), STEM Flights ($248k) and Greater Institute of Financial Professionals ($248k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $67k (24% of expenses). Other salaries and wages came to $51k. At year end it held assets of $71k against liabilities of $758, net assets of $70k. It reported 2 employees.