The Giving Foundation Inc

Analysis

The Giving Foundation Inc is a registered charity in United States, based in Laurel, MD. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Giving Foundation Inc reported income of $558k and spending of $369k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $246k to $558k (+127%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 141%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Giving Foundation Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MD. Charities of a similar size with the same main cause include The Arc of Grays Harbor ($558k), Sexual Assault Family Violence Educational Project ($558k) and Ardmore Day Nursery Inc ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $451k against liabilities of $28k, net assets of $423k.