Friends of GCCS Inc

Analysis

Friends of GCCS Inc is a registered charity in United States, based in New York, 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 June 2023, Friends of GCCS Inc reported income of $83k and spending of $145k, spending 173% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $7,353 to $83k (+1034%), an average of +1034% a year. The sharpest change came in the year to June 2023, when income rose by 1034%. Over the whole period it spent 335% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of GCCS Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within NY. Charities of a similar size with the same main cause include Obrien County Sportsmens Club ($83k), Historic Kansas City Foundation ($83k) and Multicultural Leadership Institute ($83k).

At year end it held assets of $21.8m against liabilities of $22.0m, net assets of -$217k.