Gas Charitable Foundation Inc

Analysis

Gas Charitable Foundation Inc is a registered charity in United States, based in Rockwall, TX. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Gas Charitable Foundation Inc reported income of $78k and spending of $100k, spending 128% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $78k (+13%), an average of +13% a year. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gas Charitable Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Congrega Di Maria SS Addolorata ($78k), Revival Fire World Ministries ($78k) and Theatre Rocks Inc ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.