Is GoFundMe credible?

Is GoFundMe credible?

Is GoFundMe Legit? With over $9 billion raised from more than 120 million donations, GoFundMe offers users a proven and legitimate platform for fundraising. We also work to ensure that all donations are delivered securely to the right person.

Is GoFundMe a tax exempt organization?

Yes, donations to GoFundMe.org general funds are tax deductible for qualifying donors. GoFundMe.org is a U.S.-based 501(c)(3), with a federal tax ID number (EIN) of 81-2279757. Please check with your tax preparer to confirm whether your donation is tax deductible.

Why can’t I withdraw money from GoFundMe?

If you don’t see the option to withdraw (shown below), you are likely a team member, or have a certified charity fundraiser and are not in charge of the withdrawals. If you haven’t already done so, you will need to confirm your email by clicking “verify email” in the message titled “Verify your GoFundMe email address”.

What percentage does go fund me charge?

Free: there is a 0% platform fee and only an industry-standard payment processing fee of 1.9% + $0.30 per donation. Donors have the option to tip GoFundMe Charity to support our business. If a charity receives a donation of $100, they will net $97.80.

Do I have to pay taxes on GoFundMe money?

Donations made to personal GoFundMe fundraisers are generally considered to be “personal gifts” which, for the most part, are not taxed as income in the United States. Additionally, these donations are not tax deductible for donors.

Is money from GoFundMe taxable income?

GoFundMe, one of the best known crowdfunding platforms, notes on its site that donations to a personal GoFundMe fundraiser are ‘generally considered to be personal gifts and are not guaranteed to be tax deductible. ‘

How do I get my money back from GoFundMe?

On the left-hand side, click “Payments” Click the three dots beside the payment you would like to refund and click “Refund Payment” You’ll be prompted to select a reason for your refund before confirming. Once you confirm, your refund will be successfully completed.

How fast do you get money from GoFundMe?

The funds will be deposited in your bank account, on average, 2-5 business days from the date they are sent, and your GoFundMe account will show the estimated arrival date. Note: The transfer speed of 2-5 business days is highly dependent on the processing speed of your bank.

What do you need to know about GoFundMe.com?

About GoFundMe.com GoFundMe.com is a crowdfunding website which says they offer anyone the ability to create their own donation page as a safe, legit way to collect donations for life events, projects, and special causes.

Who is not a party to the GoFundMe agreement?

GoFundMe facilitates the Donation transaction between Campaign Organizers and Donors, but is not a party to any agreement between a Campaign Organizer and a Donor, or between any user and a Charity. GoFundMe is not a broker, agent, financial institution, creditor or insurer for any user.

Are there limits to how much money you can raise on GoFundMe?

Though you create a deadline and a goal amount of money that you are trying to raise, your page can exist beyond these limits and allow you to collect as much money as people are willing to donate. Finally, they offer the All or Nothing option, which functions like popular crowdfunding site Kickstarter.

How to determine if a fundraiser is legitimate?

Is GoFundMe Legit? With over $9 billion raised from more than 120 million donations, GoFundMe offers users a proven and legitimate platform for fundraising. Our primary goal is to ensure that all of the funds raised on our platform are used only as stated in the fundraiser story.