Givecard Inc

Analysis

Givecard Inc is a registered charity in United States, based in Medfield, MA. It received its IRS tax-exemption ruling in September 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, Givecard Inc reported income of $106k and spending of $105k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $268k to $106k (-61%), an average of -61% a year. The sharpest change came in the year to December 2023, when income dropped by 61%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Givecard Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 45th percentile within MA. Charities of a similar size with the same main cause include Colleyville Lions Club Foundation Inc ($106k), Restoration Id Inc ($106k) and B1 Foundation ($106k).

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 $27k against liabilities of $0, net assets of $27k.