Gastrocares Inc

Analysis

Gastrocares Inc is a registered charity in United States, based in Chevy Chase, MD. It received its IRS tax-exemption ruling in December 2020, 6 years ago. Its declared purposes cover medical research, 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, Gastrocares Inc reported income of $101k and spending of $18k, leaving 82% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $115k to $101k (-13%), an average of -13% a year. Over the whole period it spent 21% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gastrocares Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within MD. Charities of a similar size with the same main cause include Teamcorrie Cancer Foundation ($101k), Foundation for Thymic Cancer Research ($101k) and Philadelphia Midwife Collective ($101k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.