Fundameno

Analysis

Fundameno is a registered charity in United States, based in Greencastle, PA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Fundameno reported income of $67k and spending of $110k, spending 164% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $211k to $67k (-68%), an average of -44% a year. The sharpest change came in the year to December 2022, when income dropped by 57%. Over the whole period it spent 95% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fundameno sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within PA. Charities of a similar size with the same main cause include Living Water Ministry for Niger Inc ($67k), Amokwe National Organization - USA ($67k) and Climate Health Society Corp ($67k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $107k against liabilities of $0, net assets of $107k.