Friends of Gisaid Inc

Analysis

Friends of Gisaid Inc is a registered charity in United States, based in Santa Monica, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Gisaid Inc reported income of $320k and spending of $661k, spending 206% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $561k to $320k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 142% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Gisaid Inc sits at the 67th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within CA. Charities of a similar size with the same main cause include Paul McBeth Foundation ($320k), Square and Compasses Holding ($320k) and United Way of Wilkes County Inc ($320k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $275k. At year end it held assets of $85k against liabilities of $330k, net assets of -$245k. It reported 1 employees.