Gbcanada USA

Analysis

Gbcanada USA is a registered charity in United States, based in Pahrump, NV. It received its IRS tax-exemption ruling in August 1998, 28 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, Gbcanada USA reported income of $843k and spending of $926k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $537k to $843k (+57%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 39%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gbcanada USA sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 80th percentile within NV. Charities of a similar size with the same main cause include Shape Community Center Inc ($843k), Kirkland Foundation ($844k) and The Childcare Network ($843k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $72k (7.7% of expenses). Other salaries and wages came to $155k. At year end it held assets of $190k against liabilities of $20k, net assets of $169k. It reported 6 employees.