Ida S Gift Inc

Analysis

Ida S Gift Inc is a registered charity in United States, based in Boonsboro, MD. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ida S Gift Inc reported income of $161k and spending of $88k, leaving 45% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $38k to $161k (+322%), an average of +322% a year. The sharpest change came in the year to December 2023, when income rose by 322%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ida S Gift Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MD. Charities of a similar size with the same main cause include Community Services Building Inc ($161k), RP Services of Wi Inc ($161k) and Hand Up Housing of Arkansas ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 64% of the total. At year end it held assets of $72k against liabilities of $1,149, net assets of $71k.