The Giving Spirit

Analysis

The Giving Spirit is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Giving Spirit reported income of $955k and spending of $840k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $915k to $955k (+4.4%), an average of +1.1% a year. The sharpest change came in the year to December 2022, when income dropped by 20%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Giving Spirit sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within CA. Charities of a similar size with the same main cause include Child Advocacy Center of Lapeer County ($954k), Upper Chesapeake Residential Hospice House Inc ($955k) and Southwestern Pennsylvania Partnership for Aging ($954k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $206k (25% of expenses). Other salaries and wages came to $111k. At year end it held assets of $1.2m against liabilities of $63k, net assets of $1.2m. It reported 15 employees.