The Fogarty Center

Analysis

The Fogarty Center is a registered charity in United States, based in Barrington, RI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Fogarty Center reported income of $99.1m and spending of $94.4m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.6m to $99.1m (+108%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Fogarty Center sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within RI. Charities of a similar size with the same main cause include Redlands Christian Migrant Association Inc ($98.2m), Young Mens Christian Association of Central Maryland Inc ($99.2m) and Jacobs & Cushman San Diego Food Bank ($97.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $537k (0.6% of expenses). Other salaries and wages came to $77.8m. At year end it held assets of $25.3m against liabilities of $8.2m, net assets of $17.0m. It reported 510 employees.