Gathering Strength Inc

Analysis

Gathering Strength Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in March 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 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 2023, Gathering Strength Inc reported income of $66k and spending of $92k, spending 138% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $52k to $66k (+29%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 214%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gathering Strength Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within KY. Charities of a similar size with the same main cause include Aiha Guideline Foundation ($66k), For a Cure NW ($66k) and The Friends of Youth Foundation ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 69% and program service revenue 20% of the total. At year end it held assets of $172k against liabilities of $111, net assets of $172k.