Gifts That Matter Inc

Analysis

Gifts That Matter Inc is a registered charity in United States, based in Boxford, MA. It received its IRS tax-exemption ruling in July 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, Gifts That Matter Inc reported income of $55k and spending of $35k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $55k (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gifts That Matter Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Our Fine Arts These Inc ($55k), McCloud Cares ($55k) and Bring the Change ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% of the total. At year end it held assets of $73k against liabilities of $4,739, net assets of $68k.