GT Water Project Inc

Analysis

GT Water Project Inc is a registered charity in United States, based in Ramsey, NJ. It received its IRS tax-exemption ruling in February 2021, 5 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, GT Water Project Inc reported income of $293k and spending of $305k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $140k to $293k (+108%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, GT Water Project Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 67th percentile within NJ. Charities of a similar size with the same main cause include Skagit Adult Day Care ($293k), Operation Restoration Bolivia ($293k) and Elder Orphan Care ($293k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,596 against liabilities of $0, net assets of $6,596.