Donatestock Charitable Inc

Analysis

Donatestock Charitable Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in December 2021, 5 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Donatestock Charitable Inc reported income of $5.1m and spending of $5.4m, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $9.4m to $5.1m (-46%), an average of -46% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Donatestock Charitable Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include Providence Southwest Washington Foundation ($5.1m), New Life Services Inc ($5.1m) and High Hopes Inc ($5.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. At year end it held assets of $409k against liabilities of -$4,188, net assets of $413k.