Donors Fund Inc

Analysis

Donors Fund Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in March 2016, 10 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, Donors Fund Inc reported income of $629.0m and spending of $500.5m, leaving 20% of income unspent that year. Across the 4 years on record, from December 2019 to December 2023, income grew from $27.0m to $629.0m (+2230%), an average of +186% a year. The sharpest change came in the year to December 2023, when income rose by 329%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Donors Fund Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within NJ. Charities of a similar size with the same main cause include The Blackbaud Giving Fund ($589.3m), Rockefeller Philanthropy Advisors Inc ($644.9m) and Lettie Pate Evans Foundation Inc Trustee of the Restricted Fund Uw ($540.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $541k (0.1% of expenses). Other salaries and wages came to $712k. At year end it held assets of $220.3m against liabilities of $469k, net assets of $219.8m. It reported 23 employees.