Fop 40 Charities Inc

Analysis

Fop 40 Charities Inc is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Fop 40 Charities Inc reported income of $70k and spending of $70k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $167k to $70k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fop 40 Charities Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 28th percentile within OH. Charities of a similar size with the same main cause include Southwest Rural Communities Fire Dept Association ($70k), PTA California Congress of Parents Teachers & Students Inc ($70k) and Garaway Released Time Religious Education Committee ($70k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $40k against liabilities of $0, net assets of $40k.