Dechomai Foundation Inc

Analysis

Dechomai Foundation Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2003, 23 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, Dechomai Foundation Inc reported income of $363.5m and spending of $364.9m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $27.4m to $363.5m (+1225%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 2752%. 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, Dechomai Foundation Inc 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 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include Co-Impact Philanthropic Funds Inc ($360.1m), The Cleveland Foundation ($370.4m) and Marine Toys for Tots Foundation ($359.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $274.7m against liabilities of $129.5m, net assets of $145.3m.