Generosity Foundation

Analysis

Generosity Foundation is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Generosity Foundation reported income of $288k and spending of $163k, leaving 43% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $114k to $288k (+152%), an average of +152% a year. The sharpest change came in the year to December 2023, when income rose by 152%. Over the whole period it spent 54% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Generosity Foundation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 65th percentile within TX. Charities of a similar size with the same main cause include Milford Schools Foundation ($288k), Harvest Preschool and Child Care ($288k) and Midlothian Band Boosters ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $183k against liabilities of $0, net assets of $183k.