Gto Conferences Inc

Analysis

Gto Conferences Inc is a registered charity in United States, based in Hermitage, TN. It received its IRS tax-exemption ruling in October 1981, 45 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Gto Conferences Inc reported income of $57k and spending of $56k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $55k to $57k (+4.8%), an average of +4.8% a year. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gto Conferences Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within TN. Charities of a similar size with the same main cause include Dairy Foundation of Virginia Inc ($57k), Union Fire Company of Ballston Spa Inc ($57k) and Tenth Mountain Endowment Fund Inc ($57k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $50k against liabilities of $1,020, net assets of $49k.