Gordon Philanthropies Inc

Analysis

Gordon Philanthropies Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Gordon Philanthropies Inc reported income of $471k and spending of $461k, spending 98% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $276k to $471k (+71%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gordon Philanthropies Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Friends of the Fresno County Public Library ($471k), Coongie ($471k) and California Consortium for Independent Study ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (26% of expenses). Other salaries and wages came to $82k. At year end it held assets of $10k against liabilities of $2,535, net assets of $7,932. It reported 4 employees.