Gabis Grounds Coffee Shop

Analysis

Gabis Grounds Coffee Shop is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gabis Grounds Coffee Shop reported income of $470k and spending of $479k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $265k to $470k (+78%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gabis Grounds Coffee Shop sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within NC. Charities of a similar size with the same main cause include Allied Wisdom Foundation ($470k), Embodywise ($470k) and Nakani Native Program ($469k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 23% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $281k (59% of expenses). It paid $2,745 in professional fundraising fees. At year end it held assets of $26k against liabilities of $183, net assets of $26k. It reported 51 employees.