GFT Charity Inc

Analysis

GFT Charity Inc is a registered charity in United States, based in Cedar Hill, TX. It received its IRS tax-exemption ruling in January 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 (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, GFT Charity Inc reported income of $123k and spending of $110k, spending 90% of its income. Across the 3 years on record, from December 2018 to December 2023, income fell from $154k to $123k (-20%), an average of -11% a year. The sharpest change came in the year to December 2019, when income dropped by 42%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, GFT Charity Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include Todays Urban Renewal Network Inc ($123k), Amistad International Ministries ($123k) and Childrens Ark Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $500k against liabilities of $30k, net assets of $470k.