Gervonni Cares Inc

Analysis

Gervonni Cares Inc is a registered charity in United States, based in Goodyear, AZ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Gervonni Cares Inc reported income of $87k and spending of $90k, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $7,371 to $87k (+1086%), an average of +244% a year. The sharpest change came in the year to December 2022, when income rose by 383%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gervonni Cares Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within AZ. Charities of a similar size with the same main cause include Iowa Rabbit Festival Inc ($87k), Fox Riverside Theater Foundation ($87k) and Arts Resource Foundation ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 102% of the total. At year end it held assets of $92k against liabilities of $90k, net assets of $1,532.