Spirit of Giving Network Inc

Analysis

Spirit of Giving Network Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in September 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Spirit of Giving Network Inc reported income of $1.0m and spending of $1.1m, spending 106% of what it took in. Across the 5 years on record, from June 2020 to December 2023, income grew from $759k to $1.0m (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 89% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Spirit of Giving Network Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Community Bike Works ($1.0m), Huntingdon Valley Activities Association ($1.0m) and Shania Twain Foundation Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 3.9% of the total. Other salaries and wages came to $200k. It paid $37k in professional fundraising fees. At year end it held assets of $756k against liabilities of $11k, net assets of $744k. It reported 3 employees.