Gchfa

Analysis

Gchfa is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Gchfa reported income of $260k and spending of $241k, spending 93% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $178k to $260k (+46%), an average of +21% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gchfa sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Our Community Kitchen LLC ($260k), Seven Baskets Community Development Corporation ($260k) and Chelseys Dream Foundation ($260k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 47% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $58k (24% of expenses). Other salaries and wages came to $27k. At year end it held assets of $128k against liabilities of $0, net assets of $128k. It reported 2 employees.