Giving Strength Inc

Analysis

Giving Strength Inc is a registered charity in United States, based in Fulton, MD. It received its IRS tax-exemption ruling in October 2022, 4 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Giving Strength Inc reported income of $1.1m and spending of $91k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $1.1m (+1535%), an average of +1535% a year. The sharpest change came in the year to December 2023, when income rose by 1535%. Over the whole period it spent 7.7% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Giving Strength Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Sexual Assault Response Services of Southern Maine ($1.1m), Alicias Place ($1.1m) and Promedica Continuing Care Services Corp ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.1m against liabilities of $39k, net assets of $1.1m.