Daily Giving Inc

Analysis

Daily Giving Inc is a registered charity in United States, based in White Plains, NY. It received its IRS tax-exemption ruling in July 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, Daily Giving Inc reported income of $7.9m and spending of $6.8m, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $255k to $7.9m (+2988%), an average of +136% a year. The sharpest change came in the year to December 2020, when income rose by 502%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daily Giving Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include The Community Foundation of the Texas Hill Country Inc ($7.9m), United Way of Greater Toledo ($7.9m) and Pi Foundation Inc ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $366k (5.3% of expenses). At year end it held assets of $2.9m against liabilities of $42k, net assets of $2.8m. It reported 2 employees.