T Rowe Price Program for Charitable Giving Inc

Analysis

T Rowe Price Program for Charitable Giving Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2000, 26 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 March 2024, T Rowe Price Program for Charitable Giving Inc reported income of $139.9m and spending of $115.0m, spending 82% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $119.5m to $139.9m (+17%), an average of +4.0% a year. The sharpest change came in the year to March 2022, when income rose by 49%. Over the whole period it spent 73% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, T Rowe Price Program for Charitable Giving 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 MD. Charities of a similar size with the same main cause include Impact Investing Charitable Trust ($138.0m), Impact Investing Charitable Foundation Inc ($142.1m) and Robin Hood Foundation ($134.5m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $12k (0.0% of expenses). Other salaries and wages came to $416k. At year end it held assets of $600.2m against liabilities of $102k, net assets of $600.1m.