Givengain Foundation USA

Analysis

Givengain Foundation USA is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in December 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, Givengain Foundation USA reported income of $23.6m and spending of $23.6m, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.4m to $23.6m (+1591%), an average of +311% a year. The sharpest change came in the year to December 2022, when income rose by 1412%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Givengain Foundation USA sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include United Way of the Greater Lehigh Valley ($23.5m), Devto Support Foundation ($23.8m) and Amarillo Area Foundation Inc ($23.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $407k. At year end it held assets of $1.9m against liabilities of $1.9m, net assets of $43k. It reported 2 employees.