Foundation 36 Inc

Analysis

Foundation 36 Inc is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in April 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Foundation 36 Inc reported income of $1.7m and spending of $59k, leaving 97% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.0m to $1.7m (+65%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 283%. Over the whole period it spent 21% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation 36 Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NV. Charities of a similar size with the same main cause include Atlanta Technical College Foundation Inc ($1.7m), Concern Foundation ($1.7m) and Sowers4pastors Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $4.1m against liabilities of $1.5m, net assets of $2.6m.