Generous Giving Inc

Analysis

Generous Giving Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in July 2001, 25 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 December 2023, Generous Giving Inc reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.8m (+16%), an average of +3.7% a year. The sharpest change came in the year to December 2021, when income rose by 163%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Generous Giving Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within KY. Charities of a similar size with the same main cause include Interim Pastor Ministries Inc ($4.8m), Tao Fellowship ($4.8m) and For All Mankind Movement Inc ($4.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 21% of the total. Other salaries and wages came to $2.1m. At year end it held assets of $4.2m against liabilities of $1.2m, net assets of $3.0m. It reported 23 employees.