The Gathering Source Inc

Analysis

The Gathering Source Inc is a registered charity in United States, based in Juneau, WI. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover food, agriculture and nutrition, 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, The Gathering Source Inc reported income of $386k and spending of $294k, leaving 24% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $257k to $386k (+50%), an average of +8.5% a year. The sharpest change came in the year to December 2020, when income rose by 69%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Gathering Source Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within WI. Charities of a similar size with the same main cause include We Care Rapid City Inc ($386k), Belle Sherman After School Program Inc ($386k) and Valley Care Association ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 19% and program service revenue 72% of the total. At year end it held assets of $499k against liabilities of $133k, net assets of $366k.