Giving Compass Network

Analysis

Giving Compass Network is a registered charity in United States, based in Union, WA. It received its IRS tax-exemption ruling in January 2022, 4 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 2023, Giving Compass Network reported income of $3.0m and spending of $3.0m, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $4.8m to $3.0m (-36%), an average of -36% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 83% 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 Compass Network sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within WA. Charities of a similar size with the same main cause include One Valley Community Foundation ($3.0m), Urban Alliance ($3.0m) and Halliburton Charitable Foundation ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $579k (19% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.6m against liabilities of $35k, net assets of $2.6m. It reported 20 employees.