Founders Hall Foundation Inc

Analysis

Founders Hall Foundation Inc is a registered charity in United States, based in Ridgefield, CT. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Founders Hall Foundation Inc reported income of $1.4m and spending of $1.2m, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.1m to $1.4m (-55%), an average of -18% a year. The sharpest change came in the year to December 2020, when income dropped by 35%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Founders Hall Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within CT. Charities of a similar size with the same main cause include Amplify Inc ($1.4m), Methow Valley Family Home Center Association ($1.4m) and Illinois Association of Rehabilitation Facilities Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $165k (14% of expenses). Other salaries and wages came to $441k. At year end it held assets of $7.6m against liabilities of $250k, net assets of $7.4m. It reported 43 employees.