Foundations of Success Inc

Analysis

Foundations of Success Inc is a registered charity in United States, based in Bethesda, MD. It received its IRS tax-exemption ruling in November 2007, 19 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Foundations of Success Inc reported income of $4.1m and spending of $4.2m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $4.1m (+78%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 95% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Foundations of Success Inc sits at the 93rd 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 90th percentile within MD. Charities of a similar size with the same main cause include Efi Foundation ($4.1m), Climate Conservation ($4.2m) and New York City Environmental Justice Alliance Inc ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $389k (9.3% of expenses). Other salaries and wages came to $905k. At year end it held assets of $2.8m against liabilities of $877k, net assets of $1.9m. It reported 13 employees.