Violas Gift Incorporated

Analysis

Violas Gift Incorporated is a registered charity in United States, based in Tyrone, GA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Violas Gift Incorporated reported income of $140k and spending of $183k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $483k to $140k (-71%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Violas Gift Incorporated sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within GA. Charities of a similar size with the same main cause include Common Ground Network Inc ($140k), Inspire Ministries ($140k) and Ar-Razzaq Food Bank ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.