Gain INC EIN 71-0763418

Gain INC FY2023 filing

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Provides 24/7 community-based treatment and support for people with serious mental illness. For fiscal year 2023 it reported $938K in revenue, $1.1M in expenses, and $98K in net assets.Pt I

Type
Public charity (501(c)(3)) · Mental Health
Location
Little Rock, AR
Website
www.gaininc.org
Filings
3 on file (2022–2023)
Revenue
$938KFY2023
Expenses
$1.1M
Net assets
$98K
People
6
Filings
3
Updates
0
More identity details & actions ⌄
EIN  71-0763418 Public charity (501(c)(3)) Little Rock, AR
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides 24/7 community-based treatment and support for people with serious mental illness.
Leadership
Leslie G Smith · Medical Dire
Money in and out
$938K revenue, $1.1M expenses
Bottom line
75% program efficiency
Where the money goes · FY2023
Total revenue
$938K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$125K
Where spending went · Part IX cols B–D
Program services $0.75 Management & general $0.25
Program efficiency
75%
of spending reaches programs
Operating runway
0.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-13%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$938K
FY2023▼ -12%
Expenses
$1.1M
FY2023▼ -18%
Total assets
$375K
FY2023▼ -2%
Total liabilities
$277K
FY2023▲ +73%
Total revenue
$938K
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$98K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$125K
Total assetsPt X · Ln 16$375K
Program-expense ratioPt IX · col B75%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $781K of program spending, described in the organization's own filed words · FY2022.
01

Treated, counseled, and aided mentally ILL/DEVELOPMENTALLY disabled, substance abuse individuals and incorporated them into daily life by assisting them in obtaining safe and affordable housing, food, and clothing.

$781Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGain INC
EINHdr · item D71-0763418
Principal addressHdr · item CLittle Rock, AR
WebsiteHdr · item Jwww.gaininc.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F30)
Ruling yearIRS BMFSep 2023

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Medical Dire
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Leslie G Smith’s $183K as Medical Dire is at the 99th percentile of top reported officer pay among 2083 $100K–1M mental health nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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Statement of Revenue

Part VIII
Contributions & grants$465K · 50%
Program service revenue$473K · 50%
Contributions & grants50%$465K
Program service revenue50%$473K
Other revenue$60
— government grantsLn 1e$465K
Total revenueLn 12$938K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.75 Management & general $0.25
Program services75%$798K
Management & general25%$266K
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$9K
Total assetsLn 16$375K
Total liabilitiesLn 26$277K
Total net assetsLn 32$98K
Months of cash on handcomputed0.1

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $9K · Operating expenses/yr $1.1M
0.1 months
Where the money goes
Program services
Program services $798K · Total expenses $1.1M
75%
Management & General
Management & general $266K · Total expenses $1.1M
25%
Fundraising
Fundraising $0 · Total expenses $1.1M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $465K · Total revenue $938K
50%
Government reliance
Government grants $465K · Total revenue $938K
50%
Earned-income share
Program service revenue $473K · Total revenue $938K
50%
Investment reliance
Investment income $0 · Total revenue $938K
0%
Program self-sufficiency
Program service revenue $473K · Total expenses $1.1M
45%
Growth & trend
Revenue growth (YoY)
This year $938K · Prior year $1.1M
-12%
Net-asset trend (YoY)
End of year $98K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $938K · Expenses $1.1M
-13%
Liabilities-to-Assets
Total liabilities — · Total assets $375K
Net-asset ratio
Net assets $98K · Total assets $375K
26%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $375K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Leslie G Smith · Reported title MEDICAL DIRE · Highest reported compensation $0 · Total expenses $1.1M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $660K · Total expenses $1.1M
62%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 75%
Overhead ratio 25%
Fundraising cost ratio 0%
Revenue growth -12%
Legal fee ratio 0.04%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$624K revenue · ⤓ 990 PDF
FY2023$938K revenue · viewing · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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