306 Foundation Inc

Analysis

306 Foundation Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in January 2014, 12 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, 306 Foundation Inc reported income of $150k and spending of $151k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $243k to $150k (-38%), an average of -11% a year. The sharpest change came in the year to December 2022, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, 306 Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Independent Lubricant Manufacturers Association Foundation ($150k), Rochester Area Foundation ($150k) and Ryan Cameron Foundation Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $101k (67% of expenses). At year end it held assets of $3,791 against liabilities of $197, net assets of $3,594. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.