Gallup Bid Inc

Analysis

Gallup Bid Inc is a registered charity in United States, based in Gallup, NM. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 June 2023, Gallup Bid Inc reported income of $248k and spending of $295k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $256k to $248k (-2.9%), an average of -0.7% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gallup Bid Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NM. Charities of a similar size with the same main cause include I Love Sai Inc ($248k), Tie Foundation ($249k) and Junior League of St Petersburg Fla Incorporated ($248k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Other salaries and wages came to $55k. At year end it held assets of $459k against liabilities of $6,431, net assets of $453k. It reported 1 employees.