Annika Foundation

Analysis

Annika Foundation is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in April 2009, 17 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 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, Annika Foundation reported income of $1.9m and spending of $1.7m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $865k to $1.9m (+117%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Annika Foundation sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Feeding the Soul Foundation ($1.9m), New England Hemophilia Association Inc ($1.9m) and DFW Heavy Duty Foundation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $336k (20% of expenses). Other salaries and wages came to $119k. At year end it held assets of $2.5m against liabilities of $126k, net assets of $2.4m. It reported 3 employees.