Fordney Club

Analysis

Fordney Club is a registered charity in United States, based in Saginaw, MI. It received its IRS tax-exemption ruling in May 1994, 32 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 April 2023, Fordney Club reported income of $84k and spending of $92k, spending 109% of what it took in. Across the 4 years on record, from April 2019 to April 2023, income grew from $62k to $84k (+36%), an average of +11% a year. The sharpest change came in the year to April 2023, when income rose by 1406250%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fordney Club sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within MI. Charities of a similar size with the same main cause include Eaton Senior Communities Foundation ($84k), St Louis Celebrity Seniors Inc ($84k) and Southern Valley Scholarship Foundation Inc ($84k).

On its Form 990 for the period ending April 2023, revenue came from program service revenue 87% of the total. At year end it held assets of $104k against liabilities of $0, net assets of $104k.