Gaudium Et Spes

Analysis

Gaudium Et Spes is a registered charity in United States, based in San Juan, PR. It received its IRS tax-exemption ruling in December 2020, 6 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 2023, Gaudium Et Spes reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $212k to $1.4m (+545%), an average of +86% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gaudium Et Spes sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 76th percentile within PR. Charities of a similar size with the same main cause include New Bremen Foundation Inc ($1.4m), Donald and Martha Kaplan Freedman Foundation ($1.4m) and Embrace Families Foundation Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $20k (1.5% of expenses). At year end it held assets of $855k against liabilities of $0, net assets of $855k.