Gigamind Explorer Education

Analysis

Gigamind Explorer Education is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gigamind Explorer Education reported income of $71k and spending of $41k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $71k (-66%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 42%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gigamind Explorer Education sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within CA. Charities of a similar size with the same main cause include Mercer Elementary PTO ($71k), Tulare County Farm Bureau Educational & Scholarship Fund TR ($71k) and Friends of Sullivan Athletics and Academics ($71k).

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 $223k against liabilities of $84k, net assets of $140k.