Givedirectly Inc

Analysis

Givedirectly Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Givedirectly Inc reported income of $140.3m and spending of $130.3m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $45.2m to $140.3m (+211%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 578%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Givedirectly Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Unbound ($140.0m), Coordinated Transportation Solutions Inc ($141.8m) and Noland Health Services Inc ($139.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $1.6m (1.2% of expenses). Other salaries and wages came to $24.7m. It paid $135k in professional fundraising fees. At year end it held assets of $203.1m against liabilities of $79.8m, net assets of $123.3m. It reported 107 employees.