Giving Back Fund Inc

Analysis

Giving Back Fund Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Giving Back Fund Inc reported income of $31.6m and spending of $31.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $11.2m to $31.6m (+182%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Giving Back Fund Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Naples Children Foundation Inc ($31.3m), Tournaments for Charity ($31.7m) and Mile High United Way Inc ($31.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 2.3% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $14.3m against liabilities of $1.8m, net assets of $12.5m.