Most GoFundMe Campaigns For Medical Bills Fail, Less Than 12% Reach Goals (2024)

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Most GoFundMe Campaigns For Medical Bills Fail, Less Than 12% Reach Goals (2024)

FAQs

What percentage of GoFundMe is medical bills? ›

They might choose the family or travel category, she said, if a child needs to go to a different state for treatment, for example. So although the company has estimated in the past that a third of the funds raised on the site are medical-related, that could be an undercount.

What percentage of GoFundMe campaigns are successful? ›

GoFundMe campaigns have a success rate of 50%. Roughly one-third of the funds raised on GoFundMe are for medical-related expenses.

What happens if a GoFundMe doesn't reach its goal? ›

Also, there isn't a requirement to reach your goal, and you'll still be able to transfer all funds raised. One important thing to keep in mind is there will be a transaction fee (2.9% + $0.30 per donation in the US) applied to the funds.

What is the average GoFundMe goal? ›

For the first three years, the median campaign goal held steady at $10,000 before dipping to $7,500 in 2019 and then $5,000 in 2020. Success rates fell as well with 16.8% of campaigns achieving their goals in 2016, 15.6% in 2017, 15.8% in 2018, 12.8% in 2019, and 7.8% in 2020.

Should I start a GoFundMe for medical bills? ›

You can use GoFundMe to raise money for health expenses, and many families do. To start a GoFundMe campaign, create a fundraiser page, share your story, and request donations. The benefits of using GoFundMe for medical expenses include a wide reach, quick access to funds, and the ability to avoid taking on a loan.

Can you use GoFundMe for medical bills? ›

Still don't know how to pay medical bills? We want to help. Thousands of people turn to GoFundMe every day to raise the funds they need. Whether you need help paying medical bills right now or you're anticipating expensive treatments in the future, GoFundMe can help ease that financial burden.

Why is no one donating to my GoFundMe? ›

When people don't feel a personal connection to your fundraiser, they're less likely to donate. The key to fixing this is by sharing personal stories or testimonials that highlight the impact of your cause.

How much does GoFundMe take on a $100 donation? ›

How much does GoFundMe charge for a $100 donation? GoFundMe, a for-profit company, applies a 2.9% payment-processing fee for each donation and an additional 30 cents per donation. To illustrate, if a campaign raises $1,000 through ten donations of $100 each, GoFundMe would collect approximately $32.

What are the statistics of GoFundMe? ›

Highlights: Gofundme Statistics

GoFundMe has raised over $9 billion since its inception. In 2020, GoFundMe hosted more than 150,000 COVID-19 related fundraisers. During the same year, more than 60% of Education fundraisers on GoFundMe were for paying tuition.

What is the downside of GoFundMe? ›

The main downside of GoFundMe is that it is an all-or-nothing platform. This means that if you do not reach your fundraising goal, you will not receive any of the money that you have raised. This can be a big risk for startups as they may not be able to raise enough money to reach their goals.

Is there a better alternative to GoFundMe? ›

Other important factors to consider when researching alternatives to GoFundMe include ease of use and reliability. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to GoFundMe, including Givebutter, Donorbox, Classy, and Fundly.

Is GoFundMe under investigation? ›

Four states are investigating GoFundMe after the fundraising service banned donations to an organization of truckers protesting COVID-19 pandemic restrictions in Canada.

How to make a GoFundMe go viral? ›

Let's start with your GoFundMe Campaign Description.
  1. Image is everything. So use an amazing photo for your campaign. ...
  2. Even better. Create a video! ...
  3. Use a descriptive headline that grabs attention. Don't be boring. ...
  4. Make the most of your campaign description.
Dec 1, 2023

What is the largest amount ever raised on GoFundMe? ›

As of December 2021, the most amount of money raised for a personal reason on Gofundme.com is $44 million.

Why does GoFundMe charge 15%? ›

Easily Manage Your Donor & Fundraising Needs in Bloomerang!

The platform adds 15% at checkout. Yes, you read that correctly, 15%. It's the default amount they ask of donors to cover site fees. If the donor doesn't want to tip 15%, it's not obvious where to zero out the tip.

Is GoFundMe the largest healthcare provider in the USA? ›

GoFundMe, the largest platform for medical crowdfunding, has raised $5 billion between 2010 and 2018 and is currently raising over $750 million annually for medical expenses.

What is the most money raised on GoFundMe? ›

List of projects
ProjectAmount raisedTarget amount
Official George Floyd Memorial Fund$14,595,200$1,500,000
Help the Anwars Find Peace$1,051,250
The $1K Project$2,500,000
America's Food Fund$45,155,532
35 more rows

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