Gathering Wing

Analysis

Gathering Wing is a registered charity in United States, based in Falmouth, KY. It received its IRS tax-exemption ruling in September 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gathering Wing reported income of $64k and spending of $38k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $107k to $64k (-40%), an average of -40% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 38% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gathering Wing sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within KY. Charities of a similar size with the same main cause include Local Union Community Charities ($64k), Midtown Neighbors Association Inc ($64k) and NDST Haiti Mission ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $159k against liabilities of $52k, net assets of $107k.