Gy6 Initiative Inc
EIN: 472169694 · Bethel, CT · NTEE: X11
Is Gy6 Initiative Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Gy6 Initiative Inc
Gy6 Initiative Inc (EIN: 472169694) is a nonprofit organization based in Bethel, CT, classified under NTEE code X11. The organization reported total revenue of $168K and total assets of $30K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Gy6 Initiative Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Gy6 Initiative Inc is a small nonprofit that has been operating for 11 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $122K |
| Total Expenses | $129K |
| Surplus / Deficit | $-6,587 |
| Total Assets | $50K |
| Total Liabilities | $95K |
| Net Assets | $-45,477 |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 191.0% |
| Months of Reserves | 4.7 months |
Financial Health Grade: C
In 2023, Gy6 Initiative Inc reported a deficit of $7K with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 191.0% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Gy6 Initiative Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.9% | +3.2% | +41.5% |
| 2022 | -5.0% | +6.4% | -20.9% |
| 2021 | -19.8% | -29.2% | -33.0% |
| 2020 | -15.8% | -0.9% | +887.1% |
| 2019 | +49.7% | +45.9% | +38.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Gy6 Initiative Inc 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 Gy6 Initiative Inc 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 deficit of $7K, with expenses exceeding revenue.
- Debt-to-asset ratio: 191.0%.
Frequently Asked Questions about Gy6 Initiative Inc
Is Gy6 Initiative Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Gy6 Initiative Inc (EIN: 472169694) insufficient data. 0 red flags identified, 0 strengths noted.
How does Gy6 Initiative Inc spend its money?
Detailed spending breakdown data is not yet available for Gy6 Initiative Inc. Check back for updated IRS 990 analysis.
Are donations to Gy6 Initiative Inc tax-deductible?
Gy6 Initiative Inc is registered as a tax-exempt nonprofit (EIN: 472169694). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Gy6 Initiative Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Gy6 Initiative Inc's revenue has grown by 22.9%, moving from $99K to $122K. Total assets increased by 731.6% over the same period, from $6K to $50K. Total functional expenses rose by 37.9%, from $93K to $129K. In its most recent filing year (2023), Gy6 Initiative Inc reported a deficit of $7K, with expenses exceeding revenue. The organization holds $95K in liabilities against $50K in assets (debt-to-asset ratio: 191.0%), resulting in net assets of $-45,477.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $122K | $129K | $50K | $95K | — | — |
| 2022 | $108K | $125K | $35K | $72K | — | — |
| 2021 | $114K | $117K | $45K | $65K | — | View 990 |
| 2020 | $142K | $165K | $67K | $83K | — | View 990 |
| 2019 | $169K | $167K | $7K | $0 | — | View 990 |
| 2018 | $113K | $114K | $5K | $0 | — | View 990 |
| 2017 | $105K | $105K | $7K | $0 | — | View 990 |
| 2016 | $99K | $93K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $122K, expenses of $129K, and assets of $50K (revenue +12.9% year-over-year).
- 2022: Revenue of $108K, expenses of $125K, and assets of $35K (revenue -5.0% year-over-year).
- 2021: Revenue of $114K, expenses of $117K, and assets of $45K (revenue -19.8% year-over-year).
- 2020: Revenue of $142K, expenses of $165K, and assets of $67K (revenue -15.8% year-over-year).
- 2019: Revenue of $169K, expenses of $167K, and assets of $7K (revenue +49.7% year-over-year).
- 2018: Revenue of $113K, expenses of $114K, and assets of $5K (revenue +7.3% year-over-year).
- 2017: Revenue of $105K, expenses of $105K, and assets of $7K (revenue +5.8% year-over-year).
- 2016: Revenue of $99K, expenses of $93K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Gy6 Initiative Inc:
Data Sources and Methodology
This transparency report for Gy6 Initiative Inc 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.