Giving Voice Initiative

Analysis

Giving Voice Initiative is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Giving Voice Initiative reported income of $186k and spending of $100k, leaving 46% of income unspent that year. Across the 6 years on record, from August 2019 to December 2023, income fell from $211k to $186k (-12%), an average of -2.5% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Giving Voice Initiative sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within MN. Charities of a similar size with the same main cause include Pueblo Medal of Honor Memorial Foundation ($186k), Project& ($186k) and The Plaza Theatre Inc ($186k).

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. Compensation of current officers, directors and key employees was $26k (26% of expenses). Other salaries and wages came to $36k. It paid $4,042 in professional fundraising fees. At year end it held assets of $481k against liabilities of $50k, net assets of $431k. It reported 7 employees.