S-Gap Inc

Analysis

S-Gap Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in February 1993, 33 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, S-Gap Inc reported income of $853k and spending of $854k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $789k to $853k (+8.0%), an average of +1.9% 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, S-Gap Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Soddy Daisy Food Bank Inc ($853k), Lifeline Child & Family Servicesinc ($853k) and Mobile School Pantry Inc Southflorida ($852k).

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 $204k (24% of expenses). At year end it held assets of $125k against liabilities of $195k, net assets of -$70k. It reported 6 employees.