Gazelle Sports Foundation

Analysis

Gazelle Sports Foundation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Gazelle Sports Foundation reported income of $197k and spending of $197k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $457k to $197k (-57%), an average of -19% a year. The sharpest change came in the year to December 2022, when income rose by 436%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gazelle Sports Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 53rd percentile within MI. Charities of a similar size with the same main cause include Highlander Home Run Club ($197k), Poor Bishop Hooper Inc ($197k) and Hindus of Greater Houston Inc ($197k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $174k against liabilities of $35k, net assets of $138k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.