Gear Alliance Inc

Analysis

Gear Alliance Inc is a registered charity in United States, based in Longmont, CO. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Gear Alliance Inc reported income of $361k and spending of $286k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $208k to $361k (+74%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 74%. Over the whole period it spent 93% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gear Alliance Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CO. Charities of a similar size with the same main cause include Garage a Teen Cafe ($361k), CMJ Academy Inc ($361k) and Trusted Mentors Inc ($361k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.