Gain Inc

Analysis

Gain Inc is a registered charity in United States, based in Little Rock, AR. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2024, Gain Inc reported income of $624k and spending of $661k, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2024, income fell from $1.3m to $624k (-51%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 34%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gain Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within AR. Charities of a similar size with the same main cause include Logos Lodge Inc ($623k), Dignity Enterprises Inc ($624k) and Unite 2 Fight Paralysis ($623k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 14% and program service revenue 85% of the total. Other salaries and wages came to $331k. At year end it held assets of $356k against liabilities of $199k, net assets of $157k. It reported 17 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.