Fidelity Non-Profit Management Foundation

Analysis

Fidelity Non-Profit Management Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1994, 32 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fidelity Non-Profit Management Foundation reported income of $279.6m and spending of $103.0m, leaving 63% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $383.1m to $279.6m (-27%), an average of -6.1% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 34% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fidelity Non-Profit Management Foundation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Peckham Vocational Industries Inc ($273.7m), Goodwill Industries of Southern California ($288.1m) and Community and Economic Development Association of Cook County Inc ($262.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.2% of the total. Compensation of current officers, directors and key employees was $1.3m (1.2% of expenses). Other salaries and wages came to $2.7m. At year end it held assets of $2.45bn against liabilities of $0, net assets of $2.45bn.