Femm Foundation

Analysis

Femm Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Femm Foundation reported income of $1.0m and spending of $1.1m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $784k to $1.0m (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Femm Foundation sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include The Hydroplane and Raceboat Museum ($1.0m), Canyon Concert Ballet ($1.0m) and Northern Chumash Tribal Council ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $75k (6.7% of expenses). Other salaries and wages came to $185k. At year end it held assets of $90k against liabilities of $49k, net assets of $41k. It reported 6 employees.