Gainey Foundation

Analysis

Gainey Foundation is a registered charity in United States, based in Jackson, WY. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gainey Foundation reported income of $114k and spending of $383k, spending 337% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $352k to $114k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income rose by 1486%. Over the whole period it spent 32% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Gainey Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within WY. Charities of a similar size with the same main cause include Franklin Basketball Association ($114k), Rockfish Swimming Inc ($114k) and Northboro Youth Soccer Association Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% of the total. Other salaries and wages came to $40k. At year end it held assets of $14.0m against liabilities of $0, net assets of $14.0m. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.