Gardere Initiative Inc

Analysis

Gardere Initiative Inc is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Gardere Initiative Inc reported income of $300k and spending of $249k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $198k to $300k (+51%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gardere Initiative Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within LA. Charities of a similar size with the same main cause include Foundation for Duplin County Industrial and Business Developmen ($300k), Amal Academy Inc ($300k) and District 2 Community Enhancement Corporation ($300k).

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 $117k. At year end it held assets of $61k against liabilities of $0, net assets of $61k. It reported 3 employees.