Gasol Foundation

Analysis

Gasol Foundation is a registered charity in United States, based in Charlottesvle, VA. 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 August 2023, Gasol Foundation reported income of $674k and spending of $565k, spending 84% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $152k to $674k (+343%), an average of +45% a year. The sharpest change came in the year to August 2020, when income rose by 170%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gasol Foundation sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within VA. Charities of a similar size with the same main cause include Allegiant Giving Corporation ($674k), Hope Hospice Foundation ($674k) and Society of St Vincent de Paul District Council of Wichita ($673k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $156k (28% of expenses). At year end it held assets of $152k against liabilities of $0, net assets of $152k. It reported 10 employees.