Fac Fondation

Analysis

Fac Fondation is a registered charity in United States, based in Haymarket, VA. It received its IRS tax-exemption ruling in August 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fac Fondation reported income of $88k and spending of $122k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $125k to $88k (-30%), an average of -30% a year. The sharpest change came in the year to December 2023, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fac Fondation sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within VA. Charities of a similar size with the same main cause include Lord S Harvest for the Hungry Inc ($88k), All His Creatures Inc ($88k) and Alano Club of Lahaina Inc ($88k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.