Gfi Academy Inc

Analysis

Gfi Academy Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 May 2023, Gfi Academy Inc reported income of $1.7m and spending of $1.7m, spending 99% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $704k to $1.7m (+136%), an average of +33% a year. The sharpest change came in the year to May 2022, when income rose by 38%. Over the whole period it spent 107% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gfi Academy Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Nine 13 Inc ($1.7m), Cc4c North ($1.7m) and Wisconsin Partnership for Housing Development Inc ($1.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $515k. At year end it held assets of $909k against liabilities of $832k, net assets of $77k.