Givingmas Inc

Analysis

Givingmas Inc is a registered charity in United States, based in Dallas, TX. It received its IRS tax-exemption ruling in October 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, Givingmas Inc reported income of $71k and spending of $140k, spending 197% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $57k to $71k (+25%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 90%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Givingmas Inc sits at the 25th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within TX. Charities of a similar size with the same main cause include Kids Shopping Day of Lawrence County ($71k), Swyndhamson Farms ($71k) and Howards Healthy Choices Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.