Gsba Foundation

Analysis

Gsba Foundation is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Gsba Foundation reported income of $108k and spending of $109k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $200k to $108k (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 111% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gsba Foundation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 35th percentile within WA. Charities of a similar size with the same main cause include Epasa-Usa Inc ($108k), Crime Stoppers of Northeast Florida Inc ($108k) and Strongsville Rotary Foundation ($108k).

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 $5,468 against liabilities of $0, net assets of $5,468.