Fashion Group Foundation Inc

Analysis

Fashion Group Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Fashion Group Foundation Inc reported income of $59k and spending of $68k, spending 114% of what it took in. Across the 2 years on record, from December 2019 to December 2022, income grew from $20k to $59k (+196%), an average of +196% a year. The sharpest change came in the year to December 2022, when income rose by 196%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fashion Group Foundation Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Delaware Police Chiefs Foundation Inc ($59k), Little Peoples Nursery School ($59k) and Policy Pathways Inc ($59k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $94k against liabilities of $61k, net assets of $33k.