Givinga Foundation Inc

Analysis

Givinga Foundation Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Givinga Foundation Inc reported income of $18.8m and spending of $20.2m, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $185k to $18.8m (+10054%), an average of +152% a year. The sharpest change came in the year to December 2020, when income rose by 1464%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Givinga Foundation Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Student Leadership Network Inc ($18.8m), John L Santikos Charitable Foundation ($19.0m) and NMDP Foundation ($18.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. It paid $5.2m in professional fundraising fees. At year end it held assets of $2.3m against liabilities of $2.0m, net assets of $386k.