Gift USA Foundation Inc

Analysis

Gift USA Foundation Inc is a registered charity in United States, based in San Martin, CA. It received its IRS tax-exemption ruling in September 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 (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, Gift USA Foundation Inc reported income of $113k and spending of $105k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $102k to $113k (+11%), an average of +11% a year. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Gift USA Foundation Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 42nd percentile within CA. Charities of a similar size with the same main cause include Wow - We Care Charity Inc ($113k), Equity in the Arts Fund ($113k) and Scherrer Cares Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $21k against liabilities of $755, net assets of $20k.