Gap Relief
EIN: 824297541 · Springdale, AR · NTEE: F30
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $1.2M |
| Net Assets | $439K |
Is Gap Relief Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gap Relief
Gap Relief (EIN: 824297541) is a nonprofit organization based in Springdale, AR, classified under NTEE code F30. The organization reported total revenue of $1.3M and total assets of $475K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gap Relief's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gap Relief is a mid-size nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 67.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.2M |
| Surplus / Deficit | +$70K |
| Total Assets | $453K |
| Total Liabilities | $14K |
| Net Assets | $439K |
| Operating Margin | 5.7% |
| Debt-to-Asset Ratio | 3.0% |
| Months of Reserves | 4.7 months |
Financial Health Grade: A
In 2023, Gap Relief reported a surplus of $70K with revenue exceeding expenses, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 3.0% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Gap Relief's revenue has grown at a compound annual growth rate (CAGR) of 67.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.1% | +46.8% | +19.9% |
| 2022 | +144.4% | +83.9% | +256.9% |
| 2021 | +65.9% | +140.6% | +8.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gap Relief has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Gap Relief with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $70K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.0%.
Frequently Asked Questions about Gap Relief
Is Gap Relief a legitimate charity?
Gap Relief (EIN: 824297541) is a registered tax-exempt nonprofit based in Arkansas. It has 4 years of IRS 990 filings on record. Total revenue: $1.3M. No red flags identified. Financial health grade: A.
How does Gap Relief spend its money?
Gap Relief reported $1.3M in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Gap Relief tax-deductible?
Gap Relief is registered as a tax-exempt nonprofit (EIN: 824297541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Gap Relief located?
Gap Relief is headquartered in Springdale, Arkansas and files with the IRS under EIN 824297541. It is classified under NTEE code F30.
How many years of IRS 990 filings does Gap Relief have?
Gap Relief has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $1.3M in total revenue.
Filing History
IRS 990 filing history for Gap Relief showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Gap Relief's revenue has grown by 370.7%, moving from $262K to $1.2M. Total assets increased by 363.8% over the same period, from $98K to $453K. Total functional expenses rose by 549.5%, from $179K to $1.2M. In its most recent filing year (2023), Gap Relief reported a surplus of $70K, with revenue exceeding expenses. The organization holds $14K in liabilities against $453K in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $439K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.2M | $453K | $14K | — | — |
| 2022 | $1.1M | $792K | $378K | $6K | — | View 990 |
| 2021 | $435K | $431K | $106K | $5K | — | — |
| 2020 | $262K | $179K | $98K | $354 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.2M, and assets of $453K (revenue +16.1% year-over-year).
- 2022: Revenue of $1.1M, expenses of $792K, and assets of $378K (revenue +144.4% year-over-year).
- 2021: Revenue of $435K, expenses of $431K, and assets of $106K (revenue +65.9% year-over-year).
- 2020: Revenue of $262K, expenses of $179K, and assets of $98K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gap Relief:
Data Sources and Methodology
This transparency report for Gap Relief is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.