Gems Global

Analysis

Gems Global is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in March 2023, 3 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Gems Global reported income of $1.6m and spending of $1.2m, leaving 24% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $100k to $1.6m (+1484%), an average of +1484% a year. The sharpest change came in the year to March 2024, when income rose by 1484%. Over the whole period it spent 72% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Gems Global sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Project Self-Sufficiency of Northern Colorado ($1.6m), Activation Church Inc ($1.6m) and Catholic Campus Ministries Inc ($1.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $449k. At year end it held assets of $741k against liabilities of $261k, net assets of $480k. It reported 11 employees.