Gift of Giving Intl Inc

Analysis

Gift of Giving Intl Inc is a registered charity in United States, based in Kings Point, NY. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Gift of Giving Intl Inc reported income of $225k and spending of $73k, leaving 68% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $136k to $225k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 28% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gift of Giving Intl Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Rope Your Dreams Therapeutic Riding and Education Center ($225k), Grace-Mar Services Inc ($225k) and Colorado Literacy & Learning Center ($225k).

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 $260k against liabilities of $195, net assets of $260k.