Givewell Community Foundation Inc

Analysis

Givewell Community Foundation Inc is a registered charity in United States, based in Lakeland, FL. It received its IRS tax-exemption ruling in August 2000, 26 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 June 2024, Givewell Community Foundation Inc reported income of $189.5m and spending of $74.7m, leaving 61% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $28.6m to $189.5m (+564%), an average of +60% a year. The sharpest change came in the year to June 2022, when income rose by 369%. Over the whole period it spent 40% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Givewell Community Foundation Inc 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 FL. Charities of a similar size with the same main cause include The Seattle Foundation ($186.7m), Sanford Health Foundation ($191.1m) and Jewish Community Foundation of San Diego ($172.5m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $270k (0.4% of expenses). Other salaries and wages came to $399k. At year end it held assets of $620.9m against liabilities of $59.5m, net assets of $561.4m. It reported 11 employees.