Gti Hope

Analysis

Gti Hope is a registered charity in United States, based in San Dimas, CA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Gti Hope reported income of $1.5m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.5m (+37%), an average of +8.2% a year. The sharpest change came in the year to September 2022, when income rose by 23%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Gti Hope sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CA. Charities of a similar size with the same main cause include A Pay It Forward Scholarship Corporation ($1.5m), Savannah River Academy Inc ($1.5m) and Center for Marine Education & Recreation at Oyster Bay Inc ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $156k (10% of expenses). Other salaries and wages came to $78k. At year end it held assets of $504k against liabilities of $3,863, net assets of $500k. It reported 6 employees.