Givepower Foundation

Analysis

Givepower Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in September 2014, 12 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, Givepower Foundation reported income of $8.8m and spending of $8.4m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $8.8m (+100%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Givepower Foundation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Dave and Mary Alper Jewish ($8.8m), Potential Development Program ($8.8m) and Child Guidance & Family Solutions ($8.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 6.8% of the total. Other salaries and wages came to $684k. At year end it held assets of $13.7m against liabilities of $950k, net assets of $12.8m.