Gaston Community Action Inc

Analysis

Gaston Community Action Inc is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in February 1965, 61 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 June 2023, Gaston Community Action Inc reported income of $6.8m and spending of $6.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.6m to $6.8m (+21%), an average of +4.8% a year. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gaston Community Action Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within NC. Charities of a similar size with the same main cause include Options Unlimited Inc ($6.8m), Not Forgotten Home and Community Services ($6.8m) and Building Better Communities Foundation ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $3.2m. At year end it held assets of $3.3m against liabilities of $1.1m, net assets of $2.3m. It reported 114 employees.