The University of Fondwa USA Inc

Analysis

The University of Fondwa USA Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 2007, 19 years ago. 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, The University of Fondwa USA Inc reported income of $864k and spending of $1.8m, spending 204% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $740k to $864k (+17%), an average of +3.9% a year. The sharpest change came in the year to December 2021, when income rose by 222%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The University of Fondwa USA Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include City of Wiillits Public Facilities Corp ($864k), American Piano Awards Inc ($864k) and Switzerland County Emergency Medical Services Inc ($863k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $708k against liabilities of $14k, net assets of $694k.