Corpsgiving Foundation

Analysis

Corpsgiving Foundation is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in December 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Corpsgiving Foundation reported income of $1.7m and spending of $969k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $494k to $1.7m (+236%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Corpsgiving Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within CO. Charities of a similar size with the same main cause include Giving USA Foundation Inc ($1.7m), United Way of Spencer ($1.7m) and Goodwill Works of the Chesapeake Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. At year end it held assets of $1.3m against liabilities of $12k, net assets of $1.3m.