Gillwell Foundation

Analysis

Gillwell Foundation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gillwell Foundation reported income of $349k and spending of $778k, spending 223% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $8.7m to $349k (-96%), an average of -66% a year. The sharpest change came in the year to December 2022, when income rose by 438%. Over the whole period it spent 47% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Gillwell Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within NE. Charities of a similar size with the same main cause include Boys and Girls Clubs of Southeast Missouri Inc ($349k), Touch a Life Foundation Inc ($349k) and Tbey Arts Center Inc ($349k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 60% of the total. At year end it held assets of $8.0m against liabilities of $17k, net assets of $8.0m.