Fundamira USA Inc

Analysis

Fundamira USA Inc is a registered charity in United States, based in Weston, FL. It received its IRS tax-exemption ruling in December 2007, 19 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, Fundamira USA Inc reported income of $76k and spending of $106k, spending 140% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $91k to $76k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 115% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fundamira USA Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 33rd percentile within FL. Charities of a similar size with the same main cause include Cheboygan Communities Foundation ($75k), Springport Area Foundation for Education ($76k) and Julius Guis Memorial Rotary Foundation ($75k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.