Gaal House

Analysis

Gaal House is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Gaal House reported income of $101k and spending of $108k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $73k to $101k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gaal House sits at the 33rd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 37th percentile within TN. Charities of a similar size with the same main cause include Wayne Interfaith Network ($101k), Parenting Resource Center of East Texas Inc ($101k) and Our Daily Bread Ministries ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $186k against liabilities of $104k, net assets of $83k.