Giveclear Foundation

Analysis

Giveclear Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 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 December 2023, Giveclear Foundation reported income of $26.5m and spending of $4.0m, leaving 85% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $512k to $26.5m (+5082%), an average of +168% a year. The sharpest change came in the year to December 2023, when income rose by 834%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Giveclear Foundation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Crown Family Foundation ($26.4m), Toledo Community Foundation ($26.6m) and Deloitte Foundation ($26.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $25.6m against liabilities of $61k, net assets of $25.6m.