Gift of Giving

Analysis

Gift of Giving is a registered charity in United States, based in Auburn Hills, MI. It received its IRS tax-exemption ruling in April 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, Gift of Giving reported income of $98k and spending of $64k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $98k (+21%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 21%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gift of Giving sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Rotary Club of Covington Foundation ($98k), Glenwood Cemetery Foundation Inc ($98k) and Lake Murray Fireworks and Events Inc ($98k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 37% of the total. At year end it held assets of $274k against liabilities of $0, net assets of $274k.