Gabby Petito Foundation

Analysis

Gabby Petito Foundation is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in April 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 (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, Gabby Petito Foundation reported income of $105k and spending of $87k, spending 83% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $384k to $105k (-73%), an average of -48% a year. The sharpest change came in the year to December 2022, when income dropped by 68%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gabby Petito Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 42nd percentile within FL. Charities of a similar size with the same main cause include Elijahs Path to Healing Foundation ($105k), Foundation of the National Association of Catering Executives ($105k) and Parents Cooperative Pre-School Inc ($105k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $208k against liabilities of $9,790, net assets of $198k.