Friends of Fontaine Inc

Analysis

Friends of Fontaine Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in September 2013, 13 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 May 2024, Friends of Fontaine Inc reported income of $316k and spending of $309k, spending 98% of its income. Across the 5 years on record, from May 2020 to May 2024, income grew from $177k to $316k (+78%), an average of +16% a year. The sharpest change came in the year to May 2024, when income rose by 57%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Fontaine Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include National Animal Interest Alliance ($316k), Kalis Cure for Paralysis Foundation Inc ($316k) and Joseph R Narot Endowment Fund Inc ($316k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $547k against liabilities of $0, net assets of $547k.