The Giving Circle Inc

Analysis

The Giving Circle Inc is a registered charity in United States, based in Saratoga SPGS, NY. It received its IRS tax-exemption ruling in May 2006, 20 years ago. 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 February 2024, The Giving Circle Inc reported income of $230k and spending of $285k, spending 124% of what it took in. Across the 6 years on record, from February 2019 to February 2024, income fell from $356k to $230k (-35%), an average of -8.4% a year. The sharpest change came in the year to February 2024, when income dropped by 33%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Giving Circle Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Trustees of Purdue University ($230k), Falcon Foundation ($230k) and PTA California Congress of Parents Teachers & Students Inc ($230k).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 97% of the total. At year end it held assets of $221k against liabilities of $2,998, net assets of $218k.