American Gift Fund

Analysis

American Gift Fund is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in May 1998, 28 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, American Gift Fund reported income of $155.8m and spending of $74.8m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $116.8m to $155.8m (+33%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 45% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Gift Fund 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 DE. Charities of a similar size with the same main cause include Greater Good Charities ($154.2m), Independent Charitable Gift Fund ($157.2m) and St Johns Community Health ($151.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $3.1m (4.1% of expenses). At year end it held assets of $560.1m against liabilities of $2.0m, net assets of $558.1m.