FPF Education and Innovation Foundation

Analysis

FPF Education and Innovation Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, FPF Education and Innovation Foundation reported income of $9.1m and spending of $13.2m, spending 144% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.5m to $9.1m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2020, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, FPF Education and Innovation Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Allen Village School ($9.1m), Columbus Learning Center Management Corporation ($9.1m) and Matchbook Learning Schools of Indiana ($9.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.3% of the total. Compensation of current officers, directors and key employees was $766k (5.8% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $7.2m against liabilities of $5.8m, net assets of $1.4m. It reported 57 employees.