Giving Tuesday Inc

Analysis

Giving Tuesday Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in April 2020, 6 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 June 2023, Giving Tuesday Inc reported income of $11.0m and spending of $6.9m, leaving 37% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $300k to $11.0m (+3570%), an average of +232% a year. The sharpest change came in the year to June 2021, when income rose by 1076%. Over the whole period it spent 56% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Giving Tuesday Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include The Philanthropy Roundtable Inc ($11.0m), Community Foundation of Central Georgia Inc ($11.0m) and Eau Claire Community Foundation ($11.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $564k (8.2% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $15.9m against liabilities of $563k, net assets of $15.4m. It reported 12 employees.