Gulab Bano Foundation Inc

Analysis

Gulab Bano Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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, Gulab Bano Foundation Inc reported income of $491k and spending of $471k, spending 96% of its income. Across the 3 years on record, from December 2019 to December 2023, income grew from $303k to $491k (+62%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gulab Bano Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include Miss Ginas Preschool and Parent Involvement Center Inc ($491k), Nashville Songwriters Foundation Inc ($491k) and Leadership-Baltimore County Inc ($491k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $30k. At year end it held assets of $151k against liabilities of $0, net assets of $151k.