Fortitude Foundation Inc

Analysis

Fortitude Foundation Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in March 2011, 15 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 June 2024, Fortitude Foundation Inc reported income of $105k and spending of $92k, spending 88% of its income. Across the 2 years on record, from June 2023 to June 2024, income fell from $135k to $105k (-22%), an average of -22% a year. The sharpest change came in the year to June 2024, when income dropped by 22%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fortitude Foundation Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 43rd percentile within SC. Charities of a similar size with the same main cause include Nourish Foundation Inc ($105k), Cloudbase Foundation Inc ($105k) and Casa Esther Inc ($105k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 10% and program service revenue 8.7% of the total. At year end it held assets of $121k against liabilities of $0, net assets of $121k.