Faou Foundation

Analysis

Faou Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2023, Faou Foundation reported income of $178k and spending of $179k, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $20k to $178k (+790%), an average of +73% a year. The sharpest change came in the year to May 2020, when income rose by 800%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Faou Foundation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Little Italy of Los Angeles Association ($178k), Cooperstown Chamber Music Festival Inc ($178k) and American Vicarious Inc ($178k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $125k. At year end it held assets of $175k against liabilities of $105k, net assets of $70k. It reported 1 employees.