Gno-Abo Charitable and Educational Foundation Inc

Analysis

Gno-Abo Charitable and Educational Foundation Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in March 2002, 24 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, Gno-Abo Charitable and Educational Foundation Inc reported income of $77k and spending of $25k, leaving 67% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $87 to $77k (+88089%), an average of +88088% a year. The sharpest change came in the year to December 2023, when income rose by 88089%. Over the whole period it spent 41% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gno-Abo Charitable and Educational Foundation Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within LA. Charities of a similar size with the same main cause include On Belay Ministries Inc ($77k), West Alabama Food & Wine Festival ($77k) and Sightline Security Corp ($77k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 35% of the total. At year end it held assets of $56k against liabilities of $0, net assets of $56k.