CFM Foundation

Analysis

CFM Foundation is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in January 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, CFM Foundation reported income of $65k and spending of $107k, spending 165% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $79k to $65k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 125% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, CFM Foundation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within CT. Charities of a similar size with the same main cause include Pennsylvania Vent Camp ($65k), Owatonna Junior Olympic Volleyball Inc ($65k) and Hawk Rowing Club ($65k).

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 $122k against liabilities of $0, net assets of $122k.