Gapbuster

Analysis

Gapbuster is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2021, Gapbuster reported income of $447k and spending of $369k, spending 83% of its income. Across the 3 years on record, from June 2019 to June 2021, income grew from $361k to $447k (+24%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gapbuster sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MD. Charities of a similar size with the same main cause include Boise Youth Sports Complex Inc ($447k), Boys and Girls Club of Coryell County ($447k) and Healing Word Counseling Center ($447k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $230k. At year end it held assets of $114k against liabilities of $0, net assets of $114k. It reported 38 employees.