GSLPG Inc

Analysis

GSLPG Inc is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, GSLPG Inc reported income of $19.0m and spending of $19.0m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $7.8m to $19.0m (+144%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 82%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, GSLPG Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within PA. Charities of a similar size with the same main cause include Harlem Medical Associates PC ($19.0m), Eskenazi Health Foundation Inc ($19.1m) and The Community at Rockhill ($19.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.8% and program service revenue 99% of the total. At year end it held assets of $2.1m against liabilities of $2.1m, net assets of -$425.