GFNS Inc

Analysis

GFNS Inc is a registered charity in United States, based in Westport, CT. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, GFNS Inc reported income of $1.1m and spending of $925k, spending 86% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $951k to $1.1m (+13%), an average of +13% a year. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, GFNS Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Curriki ($1.1m), Wellness Council of Indiana Inc ($1.1m) and Acorn Christian Montessori School ($1.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 9.9% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $115k (12% of expenses). Other salaries and wages came to $429k. At year end it held assets of $1.3m against liabilities of $973k, net assets of $349k. It reported 17 employees.