Generous Charitable Inc

Analysis

Generous Charitable Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in May 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 December 2022, Generous Charitable Inc reported income of $224k and spending of $215k, spending 96% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $107k to $224k (+109%), an average of +109% a year. The sharpest change came in the year to December 2022, when income rose by 109%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Generous Charitable Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Columbia Forest Products Foundation Inc ($224k), Olivia Hospital & Clinic Foundation ($224k) and Down Syndrome Society of Wichitainc ($224k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $52k against liabilities of $0, net assets of $52k.