Gaad Foundation Inc

Analysis

Gaad Foundation Inc is a registered charity in United States, based in Henderson, NV. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Gaad Foundation Inc reported income of $54k and spending of $50k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $118k to $54k (-54%), an average of -54% a year. The sharpest change came in the year to December 2023, when income dropped by 54%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gaad Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 24th percentile within NV. Charities of a similar size with the same main cause include Helps on the Way Inc ($54k), Olivias Dream ($54k) and Wolfe County Search and Rescue Inc ($54k).

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 $100k against liabilities of $8,918, net assets of $91k.