Gumbo Collective Inc

Analysis

Gumbo Collective Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 2021, 5 years ago. 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, Gumbo Collective Inc reported income of $133k and spending of $123k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $119k to $133k (+11%), an average of +11% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gumbo Collective Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Fort Valley State College National Alumni Association Inc ($133k), PTA Texas Congress ($133k) and Frances M & E Lester Williams Charitable Trust ($133k).

At year end it held assets of $39k against liabilities of $0, net assets of $39k.