Givelify Give-Com Foundation

Analysis

Givelify Give-Com Foundation is a registered charity in United States, based in Ste PMB, TX. It received its IRS tax-exemption ruling in November 2021, 5 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, Givelify Give-Com Foundation reported income of $960k and spending of $1.2m, spending 122% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.0m to $960k (-68%), an average of -32% a year. The sharpest change came in the year to December 2021, when income dropped by 81%. 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, Givelify Give-Com Foundation sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Oconomowoc Area Foundation Inc ($960k), Staenberg Family Foundation ($961k) and Latrobe Foundation Inc ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 5.8% of the total. At year end it held assets of $2.3m against liabilities of $62k, net assets of $2.2m.