F3 Foundation Inc

Analysis

F3 Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, F3 Foundation Inc reported income of $597k and spending of $539k, spending 90% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $413k to $597k (+44%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, F3 Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Pinkneys Vineyard of Faith Ministries ($597k), Divine Konnections Inc ($597k) and Barron Area Community Center Inc ($597k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Compensation of current officers, directors and key employees was $155k (29% of expenses). At year end it held assets of $558k against liabilities of $63k, net assets of $494k. It reported 1 employees.