PROVIDENCE, R.I. (WPRI) – Rising medical costs associated with life-threatening illnesses and unforeseen accidents have more people turning their computer and a little kindness from strangers.
It’s called crowdfunding. The fundraising tool once popular to finance creative startup projects is gaining momentum in the nonprofit sector.
“Our medical, illness and healing category is the most popular area of usage,” said Brad Damphousse, co-founder and CEO of GoFundMe.
Mandy Sheridan turned to crowdfunding after her son Madden was born with a rare genetic disorder.
Beta. Initial Form 1-A only. Target raise is the stated Amount to be Raised, totaled. Compared with the same dates one year earlier.
YTD: Jan 1, 2026 - Nov 5, 2026 vs Jan 1, 2025 - Nov 5, 2025
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Number of Filings134Prior 129 +3.9%
Target Raise, Total$3.45BPrior $3.59B -3.8%
This YTD
Year prior
Change
Filings
134
129
+3.9%
Target raise
$3.45B
$3.59B
-3.8%
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the Crowded Media Group
the leading digital news service covering the global Fintech Industry, including digital assets, crowdfunding, tokenization, and other innovations in capital markets. email us@CrowdfundInside
This display counts initial Form 1-A filings only. It does not represent subsequent filings, including Form 1-A/A amendments or Form 1-A POS post-qualification updates filed by the issuer. Amounts are the stated Amount to be Raised on the initial filing, not capital raised and not amounts revised in later filings.
Crowdfund Insider is the leading news website covering the emerging global industry of disruptive finance including investment crowdfunding, Blockchain, online lending, and other forms of Fintech.
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