Gathering Ground Inc

Analysis

Gathering Ground Inc is a registered charity in United States, based in Neptune, NJ. It received its IRS tax-exemption ruling in March 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, Gathering Ground Inc reported income of $56k and spending of $440k, spending 782% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $1.2m to $56k (-95%), an average of -95% a year. The sharpest change came in the year to December 2023, when income dropped by 95%. Over the whole period it spent 39% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Gathering Ground Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Houston Area Nurse Practitioners Inc ($56k), Branch County Economic Growth Alliance Inc ($56k) and M12 Incorporated ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 62% of the total. Compensation of current officers, directors and key employees was $30k (6.7% of expenses). Other salaries and wages came to $131k. At year end it held assets of $776k against liabilities of $19k, net assets of $757k. It reported 4 employees.