Simple Generosity Foundation

Analysis

Simple Generosity Foundation is a registered charity in United States, based in Cape Eliz, ME. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Simple Generosity Foundation reported income of $9.3m and spending of $8.6m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2024, income grew from $6.7m to $9.3m (+38%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Simple Generosity Foundation sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within ME. Charities of a similar size with the same main cause include Desert Trails Inc ($9.2m), Reaching Souls International Inc ($9.3m) and Catholic Foundation of Michigan ($9.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 2.0% of the total. Other salaries and wages came to $71k. At year end it held assets of $4.5m against liabilities of $15k, net assets of $4.5m.