Gila Community Foundation

Analysis

Gila Community Foundation is a registered charity in United States, based in Silver City, NM. It received its IRS tax-exemption ruling in January 2016, 10 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 2021, Gila Community Foundation reported income of $475k and spending of $335k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2019 to December 2021, income grew from $316k to $475k (+51%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 96%. Over the whole period it spent 60% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gila Community Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NM. Charities of a similar size with the same main cause include Fikes Foundation ($475k), Woodbury Community Foundation ($476k) and Arc Northern Chesapeake Region Foundation Inc ($475k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $40k. At year end it held assets of $880k against liabilities of $141k, net assets of $739k.