Giving the Basics Inc

Analysis

Giving the Basics Inc is a registered charity in United States, based in Kansas City, KS. It received its IRS tax-exemption ruling in July 2019, 7 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 December 2023, Giving the Basics Inc reported income of $5.9m and spending of $5.3m, spending 89% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.9m (+73%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 66%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Giving the Basics Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within KS. Charities of a similar size with the same main cause include Altamont Program Inc ($5.9m), Honolulu Marathon Association ($5.9m) and Chicago Academy for the Arts ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $149k (2.8% of expenses). Other salaries and wages came to $554k. It paid $35k in professional fundraising fees. At year end it held assets of $5.4m against liabilities of $212k, net assets of $5.2m. It reported 17 employees.