Fools Five Inc

Analysis

Fools Five Inc is a registered charity in United States, based in Lewiston, MN. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Fools Five Inc reported income of $165k and spending of $150k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $84k to $165k (+96%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 105%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fools Five Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 47th percentile within MN. Charities of a similar size with the same main cause include Mission Cancer Foundation ($165k), Shed Inc ($165k) and Kaylens Fight ($165k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 14% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.