Guilford Foundation Inc

Analysis

Guilford Foundation Inc is a registered charity in United States, based in Guilford, CT. It received its IRS tax-exemption ruling in November 1975, 51 years ago. 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 January 2023, Guilford Foundation Inc reported income of $1.0m and spending of $454k, leaving 55% of income unspent that year. Across the 4 years on record, from January 2020 to January 2023, income grew from $638k to $1.0m (+58%), an average of +16% a year. The sharpest change came in the year to January 2021, when income rose by 189%. Over the whole period it spent 36% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Guilford Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Arc of Central Plains Inc ($1.0m), New York Aikikai Ltd ($1.0m) and Council Groves Apartments ($1.0m).

On its Form 990 for the period ending January 2023, revenue came from contributions and grants 81% of the total. Compensation of current officers, directors and key employees was $48k (10% of expenses). Other salaries and wages came to $27k. At year end it held assets of $6.3m against liabilities of $500, net assets of $6.3m. It reported 2 employees.