Jack Fanning Memorial Foundation TR

Analysis

Jack Fanning Memorial Foundation TR is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in April 2006, 20 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, Jack Fanning Memorial Foundation TR reported income of $96k and spending of $94k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $86k to $96k (+12%), an average of +12% a year. Over the whole period it spent 119% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Jack Fanning Memorial Foundation TR sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within NC. Charities of a similar size with the same main cause include Jean and Ed Kelly Foundation ($96k), Liberty Isd Education Foundation Inc ($96k) and Castleford Community Mens Club Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 28% of the total. At year end it held assets of $127k against liabilities of $6,000, net assets of $121k.