Gap Community Inc

Analysis

Gap Community Inc is a registered charity in United States, based in Santa Rosa, CA. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Gap Community Inc reported income of $453k and spending of $475k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $378k to $453k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gap Community Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Onesource Learning & Development Center ($453k), When in Need Foundation Inc ($453k) and Depositing Empowerment Through Outreach and Urban Redevelopment ($453k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $30k (6.4% of expenses). At year end it held assets of $182k against liabilities of $17k, net assets of $165k. It reported 1 employees.