Givers Legacy Foundation Inc

Analysis

Givers Legacy Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in July 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, Givers Legacy Foundation Inc reported income of $32.9m and spending of $35.3m, spending 107% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $74.9m to $32.9m (-56%), an average of -15% a year. The sharpest change came in the year to December 2023, when income rose by 310%. Over the whole period it spent 74% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Givers Legacy Foundation 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 98th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include United Way of Summit and Medina ($32.9m), Charityvest Inc ($33.0m) and Highland Dallas Foundation Inc ($32.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $64.4m against liabilities of $5,396, net assets of $64.4m.