Goodcoin Giving Fund

Analysis

Goodcoin Giving Fund is a registered charity in United States, based in Charleston, SC. It received its IRS tax-exemption ruling in June 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, Goodcoin Giving Fund reported income of $632k and spending of $477k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $84k to $632k (+652%), an average of +652% a year. The sharpest change came in the year to December 2023, when income rose by 652%. Over the whole period it spent 72% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Goodcoin Giving Fund sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Worthington Regional Heath Care Foundation Inc ($632k), Wet Mountain Valley Community Foundation Inc ($632k) and Pender Community Health Care Foundation Inc ($632k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $233k against liabilities of $36k, net assets of $197k.