Close the Gap Foundation

Analysis

Close the Gap Foundation is a registered charity in United States, based in Mountain View, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 July 2024, Close the Gap Foundation reported income of $174k and spending of $137k, leaving 22% of income unspent that year. Across the 2 years on record, from July 2023 to July 2024, income fell from $224k to $174k (-22%), an average of -22% a year. The sharpest change came in the year to July 2024, when income dropped by 22%. Over the whole period it spent 84% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Close the Gap Foundation sits at the 57th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within CA. Charities of a similar size with the same main cause include Youth Sports of Chehalis ($174k), Byron Youth Soccer Association Soccer Club Inc ($174k) and Colt Anderson Skills Camp ($174k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 99% of the total. At year end it held assets of $138k against liabilities of $8,972, net assets of $130k.