Jeff Gordon Childrens Foundation

Analysis

Jeff Gordon Childrens Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Jeff Gordon Childrens Foundation reported income of $3.0m and spending of $2.9m, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $2.5m to $3.0m (+17%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jeff Gordon Childrens Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Lagrange County Community Foundation Inc ($3.0m), Leave No Veteran Behind ($3.0m) and William C Schumacher Family Foundation ($3.0m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 42% of the total. Compensation of current officers, directors and key employees was $165k (5.6% of expenses). Other salaries and wages came to $184k. At year end it held assets of $4.2m against liabilities of $1.3m, net assets of $2.8m. It reported 7 employees.