American Council on Gift Annuities

Analysis

American Council on Gift Annuities is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in October 1993, 33 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, American Council on Gift Annuities reported income of $407k and spending of $386k, spending 95% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $154k to $407k (+164%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 127%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, American Council on Gift Annuities sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within AZ. Charities of a similar size with the same main cause include Thrive Global Project Inc ($407k), The Freedom 13 ($407k) and Charities Review Council of Minnesota Inc ($406k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 43% of the total. At year end it held assets of $858k against liabilities of $21k, net assets of $837k.