CGCC Foundation Inc

Analysis

CGCC Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 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 December 2023, CGCC Foundation Inc reported income of $1.9m and spending of $591k, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.9m (+82%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 289%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, CGCC Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 82nd percentile within NY. Charities of a similar size with the same main cause include Piedmont Womens Center ($1.9m), Strategic Concepts in Organizing and Policy Education ($1.9m) and Usahello ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $255k. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.