Gwinnett Championship Foundation Inc

Analysis

Gwinnett Championship Foundation Inc is a registered charity in United States, based in Duluth, GA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 2023, Gwinnett Championship Foundation Inc reported income of $4.0m and spending of $4.0m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.5m to $4.0m (+16%), an average of +3.7% a year. The sharpest change came in the year to June 2021, when income rose by 370%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Gwinnett Championship Foundation Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Association for the Advancement of Artificial Intelligence ($4.0m), Public Broadcasting of Northwest Pennsylvania Inc ($4.0m) and National Cryptologic Foundation Inc ($4.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% and program service revenue 4.0% of the total. At year end it held assets of $370k against liabilities of $65k, net assets of $305k.