Foresight Development International Incorporated

Analysis

Foresight Development International Incorporated is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in October 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foresight Development International Incorporated reported income of $118k and spending of $119k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $268k to $118k (-56%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 34%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foresight Development International Incorporated sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Erins Hope Project Inc ($118k), Greg Wolf Fund Inc ($118k) and Ibewjonnie Dawson Charitable Foundation Inc ($118k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $0, net assets of $75k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.