Gaining Ground

Analysis

Gaining Ground is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Gaining Ground reported income of $266k and spending of $237k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $73k to $266k (+267%), an average of +267% a year. The sharpest change came in the year to December 2023, when income rose by 267%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gaining Ground sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Lee County Homeless Coalition Inc ($266k), Fantastic Friends of Wny Inc ($267k) and Premiere Charities Inc ($266k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $130k (55% of expenses). It paid $6,565 in professional fundraising fees. At year end it held assets of $76k against liabilities of $5,562, net assets of $70k. It reported 5 employees.