Gilo Charity Fund

Analysis

Gilo Charity Fund is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Gilo Charity Fund reported income of $50k and spending of $65k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $111k to $50k (-55%), an average of -55% a year. The sharpest change came in the year to December 2023, when income dropped by 55%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gilo Charity Fund sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 26th percentile within NJ. Charities of a similar size with the same main cause include Roanoke Regional Chamber of Commerce Foundation ($50k), Johnsonburg Community TR Inc ($50k) and Kardashian Jenner Family Foundation Inc ($50k).

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 $17k against liabilities of $0, net assets of $17k.