GSN Foundation

Analysis

GSN Foundation is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in March 2000, 26 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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 May 2024, GSN Foundation reported income of $173k and spending of $78k, leaving 55% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $116k to $173k (+49%), an average of +10% a year. The sharpest change came in the year to May 2022, when income rose by 124%. Over the whole period it spent 38% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, GSN Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within NV. Charities of a similar size with the same main cause include Orlando Urban Film Festival Foundation ($173k), Music in the Somerset Hills Inc ($173k) and Evanston Dance Ensemble ($173k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 66% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.