Gamma Phi Beta Foundation

Analysis

Gamma Phi Beta Foundation is a registered charity in United States, based in Centennial, CO. It received its IRS tax-exemption ruling in February 2002, 24 years ago. 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 July 2023, Gamma Phi Beta Foundation reported income of $7.4m and spending of $2.5m, leaving 66% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $3.5m to $7.4m (+110%), an average of +20% a year. The sharpest change came in the year to July 2023, when income rose by 134%. Over the whole period it spent 51% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gamma Phi Beta Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CO. Charities of a similar size with the same main cause include Cedars Camps ($7.4m), Creative Community Services Inc ($7.4m) and Long Island Consultation Center Inc ($7.4m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 90% of the total. Other salaries and wages came to $537k. At year end it held assets of $18.8m against liabilities of $170k, net assets of $18.7m.