Gilroy Foundation

Analysis

Gilroy Foundation is a registered charity in United States, based in Gilroy, CA. It received its IRS tax-exemption ruling in September 1986, 40 years ago. 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, Gilroy Foundation reported income of $3.6m and spending of $1.5m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $3.6m (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 287%. Over the whole period it spent 77% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gilroy Foundation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Iha Hospital Assistance Foundation Inc ($3.6m), Society for Preservation of Weeksville & Bedford-Stuyvesant Hi ($3.6m) and Family Outreach Center for Understanding Special Needs Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Other salaries and wages came to $158k. At year end it held assets of $15.7m against liabilities of $2.4m, net assets of $13.3m. It reported 5 employees.