Overview
What is Giving Usa Foundation Inc?
Giving Usa Foundation Inc, based in Mclean, Virginia, is a nonprofit organization dedicated to raising public understanding of philanthropy. They accomplish this mission by releasing the Giving USA Annual Update, an annual publication, and periodic newsletters that delve into social, economic, and legal aspects of philanthropy. The foundation serves as a valuable resource, providing insights into a broad spectrum of philanthropic topics.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Giving Usa Foundation Inc has received a two-star rating from Charity Navigator, indicating that the organization has areas needing significant improvement. The overall score stands at 65%, which reflects a mixed performance in accountability and financial health. While the foundation demonstrates strong governance with 100% independent board members and a favorable liabilities-to-assets ratio, it lacks essential transparency measures, such as financial statements and several important policies.
Strengths of the organization include a high program expense ratio of 81.38%, suggesting that a majority of its funds are directed towards its programs rather than administrative costs. However, the absence of critical documentation and policies, such as conflict of interest and whistleblower policies, raises concerns about transparency and accountability. Additionally, the lack of financial statements limits stakeholders' ability to assess the foundation's financial health comprehensively.
The main limitations highlighted in the rating are the missing essential documents and policies that could enhance the organization’s accountability. This lack of transparency may deter potential donors and supporters who prioritize clear and accessible financial reporting. Overall, while Giving Usa Foundation Inc shows promise in program expenditure, there are significant improvements needed to bolster its credibility and trust with the public.
This AI summary has been generated from information found on Charity Navigator.
Is Giving Usa Foundation Inc legitimate?
Giving Usa Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Giving Usa Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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What is the mission statement of Giving Usa Foundation Inc?
The Giving USA Foundation's mission is centered around broadening public understanding of philanthropy. They accomplish this by producing the Giving USA Annual Update, an annual publication, and periodic newsletters that delve into social, economic, and legal aspects of philanthropy. By doing so, they aim to foster a more informed public discourse on charitable giving.
Who is the CEO of Giving Usa Foundation Inc?
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What is the revenue of Giving Usa Foundation Inc?
Giving Usa Foundation Inc's revenue in 2022 was $1,403,323.
Who are the executives of Giving Usa Foundation Inc and what are their salaries?
Here are 17 key members and their salaries:
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Where can I find the form 990 for Giving Usa Foundation Inc?
Giving Usa Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Giving Usa Foundation Inc
Giving USA Foundation Inc, a renowned organization, is dedicated to expanding public understanding of philanthropy. To accomplish this mission, the foundation produces an annual publication titled the Giving USA Annual Update. This publication serves as a comprehensive resource, providing insights into various social, economic, and legal aspects of philanthropy. Beyond the annual publication, Giving USA Foundation Inc also releases periodic newsletters. These newsletters further contribute to their goal by keeping the public informed about the latest developments in the realm of philanthropy. The foundation's efforts in broadening public awareness of philanthropy are instrumental in fostering a more informed and engaged society in the world of charitable giving.
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Impact
August, 2024
Giving Usa Foundation Inc plays a significant role in broadening public awareness of philanthropy. Through its annual publication, the Giving USA Annual Update, and periodic newsletters, the foundation covers social, economic, and legal developments in philanthropy. By disseminating this information, Giving Usa Foundation Inc helps educate and inform the public about the importance and impact of philanthropy in society.
This information is meant to be a general summary of Giving Usa Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13
- Program Service Revenue: $297,907
- Gross Receipts: $1,403,323
Assets and Liabilities:
- Total Assets: $1,341,895
- Total Liabilities: $118,405
- Net Assets: $1,223,490
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Product Sales
Revenue
$297,907
Organization Details
Phone
(312) 265-2907Main Address
1660 International Dr 600, McLean, VA, 22102
NTEE Category
Code: T50I - Philanthropy
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