GB Charities Inc

Analysis

GB Charities Inc is a registered charity in United States, based in Towson, MD. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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 2023, GB Charities Inc reported income of $258k and spending of $425k, spending 165% of what it took in. Across the 6 years on record, from June 2018 to June 2023, income fell from $367k to $258k (-30%), an average of -6.8% a year. The sharpest change came in the year to June 2022, when income rose by 82%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, GB Charities Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MD. Charities of a similar size with the same main cause include Lake Michigan Bird Observatory Inc ($258k), The American Society for the Advancement of General Anesthesia ($258k) and Northwood High School Boosters Friends and Alumni Association ($258k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% of the total. Other salaries and wages came to $31k. It paid $986 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m. It reported 1 employees.