Gwyneths Gift Foundation Inc

Analysis

Gwyneths Gift Foundation Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in December 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 (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, Gwyneths Gift Foundation Inc reported income of $339k and spending of $441k, spending 130% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $112k to $339k (+202%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 255%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gwyneths Gift Foundation Inc sits at the 58th percentile: it is larger than about 58% 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 Love for Kids Inc ($339k), Croasdaile Village Residents Association ($339k) and Stanly Adult Care Center Inc ($339k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $195k. At year end it held assets of $116k against liabilities of $0, net assets of $116k. It reported 7 employees.