G Squared Foundation Inc

Analysis

G Squared Foundation Inc is a registered charity in United States, based in Spring, TX. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, G Squared Foundation Inc reported income of $35.9m and spending of $34.9m, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2022, income grew from $8.0m to $35.9m (+350%), an average of +112% a year. The sharpest change came in the year to December 2022, when income rose by 510%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, G Squared Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include The Accelerated Schools ($35.9m), LCTCS Facilities Corporation ($35.9m) and Avon Grove Charter School ($35.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (0.3% of expenses). Other salaries and wages came to $12k. At year end it held assets of $1.0m against liabilities of $0, net assets of $1.0m.