Gap Connections Inc

Analysis

Gap Connections Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in October 2024, 2 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, Gap Connections Inc reported income of $935k and spending of $994k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.0m to $935k (-8.4%), an average of -2.2% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gap Connections Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Ignatian Spirituality Center Inc ($935k), Northwest Michigan Supportive Housing ($935k) and Christian Family Counseling Center Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.7% of the total. Other salaries and wages came to $410k. At year end it held assets of $571k against liabilities of $113k, net assets of $458k. It reported 8 employees.