Sarah Gayle Gibbs Memorial Foundation

Analysis

Sarah Gayle Gibbs Memorial Foundation is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in May 2023, 3 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, Sarah Gayle Gibbs Memorial Foundation reported income of $74k and spending of $60k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $74k (-0.9%), an average of -0.9% a year. Over the whole period it spent 75% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Sarah Gayle Gibbs Memorial Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within AL. Charities of a similar size with the same main cause include Salood Inc ($74k), Hollywood Impact Studios Rehabilitation and Vocational Corp ($74k) and Maman Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.