GTX Connect

Analysis

GTX Connect is a registered charity in United States, based in Georgetown, TX. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, 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, GTX Connect reported income of $167k and spending of $173k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $188k to $167k (-11%), an average of -11% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, GTX Connect sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Synovation Valley Leadership Academy ($167k), Magnolia Arts Council Inc ($167k) and Assistance League of Carlsbad Inc ($167k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $12k against liabilities of $15k, net assets of -$2,857.