Gullo Companies Christmas for Kids Inc

Analysis

Gullo Companies Christmas for Kids Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gullo Companies Christmas for Kids Inc reported income of $127k and spending of $111k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $127k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gullo Companies Christmas for Kids Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 46th percentile within TX. Charities of a similar size with the same main cause include Forget Me Not Family Care Home ($127k), Helping Hugs ($127k) and North Central Washington Community Toy Drive ($127k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. At year end it held assets of $481k against liabilities of $0, net assets of $481k.