Apec Family Foundation Fund Inc

Analysis

Apec Family Foundation Fund Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in November 2011, 15 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, Apec Family Foundation Fund Inc reported income of $5.7m and spending of $5.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $5.7m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Apec Family Foundation Fund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include In-N-Out Burgers Foundation ($5.7m), Archewell Inc ($5.7m) and The United Way of Youngstown and the Mahoning Valley ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $312k (5.4% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.4m against liabilities of $487k, net assets of $2.0m. It reported 100 employees.