Falatok Foundation

Analysis

Falatok Foundation is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in April 2008, 18 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Falatok Foundation reported income of $208k and spending of $90k, leaving 57% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $162k to $208k (+28%), an average of +6.5% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Falatok Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 60th percentile within SC. Charities of a similar size with the same main cause include San Miguel Arcangel Missions ($208k), Delta Health Foundation ($208k) and Imc Charitable Foundation ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m.