Gapps

Analysis

Gapps is a registered charity in United States, based in Lynnwood, WA. It received its IRS tax-exemption ruling in November 2017, 9 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 September 2023, Gapps reported income of $1.3m and spending of $621k, leaving 53% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2021, when income rose by 453%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gapps sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Ohio Minority Supplier Development Council ($1.3m), Career Learning & Employment Center for Veterans Inc ($1.3m) and Covation Center Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $207k (33% of expenses). Other salaries and wages came to $211k. At year end it held assets of $2.2m against liabilities of $316k, net assets of $1.9m. It reported 4 employees.