Gbaso Inc

Analysis

Gbaso Inc is a registered charity in United States, based in Green Bay, WI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Gbaso Inc reported income of $424k and spending of $402k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $424k (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 97%. Over the whole period it spent 81% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gbaso 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 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include All Things Are Possible Foundation Inc ($424k), Oakland Police-Community Activities League ($424k) and Carolina Winter Ensemble Association Inc ($423k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 23% of the total. Other salaries and wages came to $208k. At year end it held assets of $353k against liabilities of $2,157, net assets of $351k. It reported 23 employees.