American Online Giving Foundation Inc

Analysis

American Online Giving Foundation Inc is a registered charity in United States, based in Newark, DE. It received its IRS tax-exemption ruling in October 2016, 10 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 March 2023, American Online Giving Foundation Inc reported income of $1.76bn and spending of $1.76bn, spending 100% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $806.2m to $1.76bn (+118%), an average of +22% a year. The sharpest change came in the year to March 2021, when income rose by 47%. Over the whole period it spent 98% 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 Online Giving 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 DE. Charities of a similar size with the same main cause include Silicon Valley Community Foundation ($1.60bn), GS Donor Advised Philanthropy Fund for Wealth Management Inc ($1.94bn) and The Chicago Community Trust ($1.54bn).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 99% and program service revenue 1.2% of the total. At year end it held assets of $314.5m against liabilities of $162.3m, net assets of $152.3m.