Fnub Inc

Analysis

Fnub Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in May 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fnub Inc reported income of $4.3m and spending of $1.5m, leaving 64% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.2m to $4.3m (+94%), an average of +18% a year. The sharpest change came in the year to June 2023, when income rose by 100%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fnub Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Generations United Inc ($4.3m), United Way of Central West Virginia Inc ($4.3m) and Northern Indiana Community Foundation Inc ($4.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 5.4% of the total. At year end it held assets of $19.3m against liabilities of $7.4m, net assets of $11.8m.