GTC Group

Analysis

GTC Group is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 June 2024, GTC Group reported income of $342k and spending of $412k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $524k to $342k (-35%), an average of -10% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, GTC Group sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 63rd percentile within VA. Charities of a similar size with the same main cause include Sunshine Child Center Inc ($342k), Habitat for Humanity International Inc ($342k) and Nami Hillsborough Inc ($342k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $87k against liabilities of $0, net assets of $87k.