Gift of Life Inc

Analysis

Gift of Life Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in June 1985, 41 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Gift of Life Inc reported income of $2.5m and spending of $2.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.0m to $2.5m (-17%), an average of -4.5% a year. The sharpest change came in the year to December 2021, when income rose by 40%. Over the whole period it spent 73% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Gift of Life Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MN. Charities of a similar size with the same main cause include Michael Reese Research and Education Foundation ($2.5m), Northwest Behavioral Associates Inc ($2.5m) and Nami Keystone Pennsylvania ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $90k (4.4% of expenses). Other salaries and wages came to $548k. At year end it held assets of $14.4m against liabilities of $164k, net assets of $14.2m. It reported 32 employees.