Fennimore Area Foundation Inc

Analysis

Fennimore Area Foundation Inc is a registered charity in United States, based in Fennimore, WI. It received its IRS tax-exemption ruling in November 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 (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, Fennimore Area Foundation Inc reported income of $68k and spending of $114k, spending 166% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $257k to $68k (-73%), an average of -28% a year. The sharpest change came in the year to December 2022, when income rose by 772%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fennimore Area Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within WI. Charities of a similar size with the same main cause include Oak Ridge Land Bank Inc ($68k), Nikao Foundation ($68k) and National Charity League Inc Legacy Frisco Chapter ($68k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 8.7% of the total. At year end it held assets of $410k against liabilities of $0, net assets of $410k.