Find stats on top websites
Industry Landscape
The crowdfunding industry is rapidly expanding, driven by digital transformation and increased global connectivity. It has become a vital channel for personal causes, non-profits, and social impact initiatives. The industry is evolving with new models and technologies, emphasizing transparency and ease of use.
Total Assets Under Management (AUM)
Crowdfunding Market Size in United States
~$17.2 Billion (2024 projection, US)
(15-20% CAGR)
- Driven by increased internet penetration.
- Growing popularity of alternative finance.
- Rise in social causes and community support.
Total Addressable Market
17.2 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Blockchain & Cryptocurrency
Utilizing distributed ledger technology for enhanced transparency, security, and immutable records of donations, potentially enabling faster and lower-cost cross-border transactions.
AI-powered Personalization & Fraud Detection
Leveraging artificial intelligence to personalize donor experiences, recommend relevant campaigns, and significantly improve the detection and prevention of fraudulent fundraising efforts.
Web3 & Decentralized Autonomous Organizations (DAOs)
Exploring decentralized platforms and DAOs for community-governed fundraising, allowing for more direct donor participation in fund allocation and greater accountability.
Impactful Policy Frameworks
Federal Trade Commission (FTC) Scrutiny on Crowdfunding (Ongoing)
The FTC continues to monitor and issue guidance on consumer protection in online fundraising, focusing on deceptive practices and ensuring funds reach their intended recipients.
This policy directly impacts GoFundMe by requiring robust fraud prevention measures and transparent communication to maintain user trust and avoid legal repercussions.
IRS Guidance on Tax Deductibility of Crowdfunding Donations (Ongoing)
The IRS provides guidance on when donations made through crowdfunding platforms are considered tax-deductible, generally only if made to qualified 501(c)(3) organizations.
This impacts GoFundMe by influencing how campaigns are structured and how tax-deductibility is communicated, particularly for their non-profit sector offerings.
State-level Fundraising Regulations (e.g., California's Supervision of Trustees and Fundraisers Act)
Many US states have their own regulations governing charitable solicitations and fundraising activities, requiring registration and reporting for organizations and platforms.
GoFundMe must navigate and comply with a patchwork of state-specific charity registration and reporting requirements, especially for non-profit and larger campaigns.
Transform Your Ideas into Action in Minutes with WaxWing
Sign up now and unleash the power of AI for your business growth
