Gratitude Generation Inc

Analysis

Gratitude Generation Inc is a registered charity in United States, based in Deerfield, IL. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Gratitude Generation Inc reported income of $322k and spending of $289k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $322k (+317%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 185%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gratitude Generation Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within IL. Charities of a similar size with the same main cause include Bessie Green Community Inc ($322k), South Texas Christian Ministries ($322k) and Reiser Relief ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $110k (38% of expenses). At year end it held assets of $220k against liabilities of $1,922, net assets of $218k. It reported 3 employees.