Gy6 Initiative Inc

Analysis

Gy6 Initiative Inc is a registered charity in United States, based in Gallatin, TN. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Gy6 Initiative Inc reported income of $122k and spending of $129k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $108k to $122k (+13%), an average of +13% a year. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gy6 Initiative Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 42nd percentile within TN. Charities of a similar size with the same main cause include Merendon Mountain Mission ($122k), Renewed Heart Ministries Inc ($122k) and Movimiento Matrimonial Catolico Inc ($122k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $95k, net assets of -$45k.