Gems USA Nonprofit Corporation

Analysis

Gems USA Nonprofit Corporation is a registered charity in United States, based in Sayreville, NJ. It received its IRS tax-exemption ruling in August 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, Gems USA Nonprofit Corporation reported income of $255k and spending of $214k, spending 84% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $516k to $255k (-51%), an average of -21% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 136% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gems USA Nonprofit Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Cahoys Gymnastics Booster Club Inc ($255k), Silver Creek Alliance Inc ($255k) and New Philanthropists ($255k).

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 $36k. At year end it held assets of $98k against liabilities of $98k, net assets of $0.