Gathering of Friends Inc

Analysis

Gathering of Friends Inc is a registered charity in United States, based in Woodstock, GA. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Gathering of Friends Inc reported income of $82k and spending of $81k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $82k (+24%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 120% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gathering of Friends Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 33rd percentile within GA. Charities of a similar size with the same main cause include Forget Me Not Project ($82k), Abundant Health Wellness Center Inc ($82k) and Trevor Loughlin Foundation Inc ($82k).

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 $17k against liabilities of $0, net assets of $17k.