Indygive

Analysis

Indygive is a registered charity in United States, based in Colorado SPGS, CO. It received its IRS tax-exemption ruling in July 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 2024, Indygive reported income of $1.1m and spending of $1.2m, spending 104% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $1.8m to $1.1m (-39%), an average of -12% a year. The sharpest change came in the year to March 2023, when income dropped by 25%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indygive sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within CO. Charities of a similar size with the same main cause include Womens Foundation of North Carolina ($1.1m), White Rose Leadership Institute ($1.1m) and Disc Village Foundation Inc ($1.1m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $51k (4.4% of expenses). Other salaries and wages came to $23k. At year end it held assets of $7,116 against liabilities of $16k, net assets of -$9,345. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.