Gather Well Pschedelics Inc

Analysis

Gather Well Pschedelics Inc is a registered charity in United States, based in Nevada City, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Gather Well Pschedelics Inc reported income of $561k and spending of $773k, spending 138% of what it took in. Across the 4 years on record, from September 2021 to December 2023, income fell from $4.5m to $561k (-88%), an average of -50% a year. The sharpest change came in the year to December 2023, when income rose by 304%. Over the whole period it spent 82% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gather Well Pschedelics Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Zufall Health Foundation Inc ($561k), Charles County Mobile Intensive Care Unit Inc ($561k) and Lanas Love Foundation Inc ($561k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $316k. At year end it held assets of $126k against liabilities of -$5,953, net assets of $132k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.