Advisors Charitable Gift Fund Inc

Analysis

Advisors Charitable Gift Fund Inc is a registered charity in United States, based in Burlington, MA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Advisors Charitable Gift Fund Inc reported income of $3.4m and spending of $6.3m, spending 187% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $6.3m to $3.4m (-47%), an average of -14% a year. The sharpest change came in the year to October 2023, when income dropped by 47%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advisors Charitable Gift Fund Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include Hopes Door Inc ($3.4m), Project Vida ($3.4m) and Veterans Health Foundation ($3.4m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 45% and program service revenue 5.3% of the total. Compensation of current officers, directors and key employees was $15k (0.2% of expenses). At year end it held assets of $22.8m against liabilities of $24k, net assets of $22.7m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.