Gatherfor Inc

Analysis

Gatherfor Inc is a registered charity in United States, based in Ventura, CA. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gatherfor Inc reported income of $83k and spending of $111k, spending 133% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $160k to $83k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gatherfor 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 32nd percentile, and in the 34th percentile within CA. Charities of a similar size with the same main cause include Society of St Vincent de Paul St Charles Borromeo Conference Inc ($83k), Beckys Place Haven of Hope Corporation ($83k) and Mountain Valley Hospice Foundationinc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $59k against liabilities of $0, net assets of $59k.