Greater Gift Initiative Inc

Analysis

Greater Gift Initiative Inc is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in March 2013, 13 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, Greater Gift Initiative Inc reported income of $301k and spending of $314k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $232k to $301k (+30%), an average of +6.8% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 92% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Gift Initiative Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Life Change Centers ($301k), Ransom Memorial Hospital Charitable Association Inc ($301k) and Promotoras Y Promotores Foundation ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $139k (44% of expenses). Other salaries and wages came to $50k. At year end it held assets of $151k against liabilities of $77, net assets of $151k. It reported 5 employees.