Gofundme Org

Analysis

Gofundme Org is a registered charity in United States, based in West Hollywood, CA. It received its IRS tax-exemption ruling in August 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 June 2023, Gofundme Org reported income of $5.1m and spending of $13.9m, spending 274% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.1m (+116%), an average of +21% a year. The sharpest change came in the year to June 2020, when income rose by 1208%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gofundme Org sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within CA. Charities of a similar size with the same main cause include Kern Community Foundation ($5.1m), Amazin Mets Foundation Inc ($5.1m) and Vegas Golden Knights Foundation Inc ($5.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 126% of the total. At year end it held assets of $9.5m against liabilities of $311k, net assets of $9.2m.