Giving Square

Analysis

Giving Square is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in January 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Giving Square reported income of $218k and spending of $190k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $141k to $218k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Giving Square sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Charity Classic Inc ($218k), Wings Educational Foundation ($218k) and United Way of Parker County ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $97k (51% of expenses). At year end it held assets of $150k against liabilities of $1,687, net assets of $148k. It reported 6 employees.