Ukrainian Gift of Life Inc

Analysis

Ukrainian Gift of Life Inc is a registered charity in United States, based in Glen Rock, NJ. It received its IRS tax-exemption ruling in February 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 November 2024, Ukrainian Gift of Life Inc reported income of $93k and spending of $147k, spending 159% of what it took in. Across the 3 years on record, from November 2022 to November 2024, income grew from $77k to $93k (+20%), an average of +9.7% a year. The sharpest change came in the year to November 2023, when income rose by 136%. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ukrainian Gift of Life Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Fishers High School PTO Inc ($93k), We Care Wsmga ($93k) and Bgstrong Charities Inc ($93k).

On its Form 990-EZ for the period ending November 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $34k against liabilities of $0, net assets of $34k.