Fawco Foundation

Analysis

Fawco Foundation is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in October 1967, 59 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, Fawco Foundation reported income of $489k and spending of $191k, leaving 61% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $207k to $489k (+137%), an average of +137% a year. The sharpest change came in the year to December 2023, when income rose by 137%. Over the whole period it spent 47% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fawco Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include The Grateful Garment Project ($489k), Sacramento Mountain Senior Services ($489k) and Santa Claus Girls of Kent County ($489k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 1.1% of the total. At year end it held assets of $759k against liabilities of $0, net assets of $759k.