Closing the Gap Foundation

Analysis

Closing the Gap Foundation is a registered charity in United States, based in Scituate, MA. It received its IRS tax-exemption ruling in July 2020, 6 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 2023, Closing the Gap Foundation reported income of $61k and spending of $59k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $67k to $61k (-7.9%), an average of -7.9% a year. Over the whole period it spent 76% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Closing the Gap Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Freedom Reins Therapeutic Riding Center Inc ($61k), Medical Servants International ($61k) and Hope Restored Christian Ministries ($61k).

At year end it held assets of $105k against liabilities of $0, net assets of $105k.