Perfecting Gifts Incorporated

Analysis

Perfecting Gifts Incorporated is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Perfecting Gifts Incorporated reported income of $106k and spending of $116k, spending 109% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $105k to $106k (+1.0%), an average of +1.0% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Perfecting Gifts Incorporated 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 39th percentile, and in the 38th percentile within TN. Charities of a similar size with the same main cause include The Collaborative ($106k), St Francis High School Choir Boosters ($106k) and Maritime Heritage Alliance ($106k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 3.6% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.