Foundation for a Sustainable Community Inc

Analysis

Foundation for a Sustainable Community Inc is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in September 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 2023, Foundation for a Sustainable Community Inc reported income of $224k and spending of $312k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $497k to $224k (-55%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 40%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation for a Sustainable Community Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within VA. Charities of a similar size with the same main cause include Encore Employment Enterprise Inc ($224k), Bourbon County Redi Inc ($224k) and Jobs with Justice Education Fund ($224k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $123k (39% of expenses). Other salaries and wages came to $18k. At year end it held assets of $5,469 against liabilities of $39k, net assets of -$33k. It reported 2 employees.