Gussie Lee Foundation

Analysis

Gussie Lee Foundation is a registered charity in United States, based in San Leandro, CA. It received its IRS tax-exemption ruling in December 2022, 4 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 2022, Gussie Lee Foundation reported income of $555k and spending of $163k, leaving 71% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income grew from $81k to $555k (+589%), an average of +162% a year. The sharpest change came in the year to December 2021, when income rose by 212%. Over the whole period it spent 18% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gussie Lee Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Way Free Medical Clinic Inc ($555k), Payne County Drug Court Inc ($555k) and Global Parents for Eczema Research ($554k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $8,650 (5.3% of expenses). Other salaries and wages came to $124k. At year end it held assets of $391k against liabilities of $0, net assets of $391k. It reported 18 employees.