Gvngorg

Analysis

Gvngorg is a registered charity in United States, based in Beverly Hills, CA. It received its IRS tax-exemption ruling in September 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 2023, Gvngorg reported income of $1.9m and spending of $1.4m, leaving 25% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income fell from $4.6m to $1.9m (-59%), an average of -26% a year. The sharpest change came in the year to December 2021, when income dropped by 78%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gvngorg sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Syngap Research Fund Incorporated ($1.9m), Jewish Federation of Volusia & Flagler Counties ($1.9m) and Sempra Employee Giving Network ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $247k (18% of expenses). At year end it held assets of $1.6m against liabilities of $184k, net assets of $1.4m.