Foundation for Financial Journalism

Analysis

Foundation for Financial Journalism is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in July 2013, 13 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 (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 2022, Foundation for Financial Journalism reported income of $65k and spending of $54k, spending 83% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $239k to $65k (-73%), an average of -35% a year. The sharpest change came in the year to December 2022, when income dropped by 77%. Over the whole period it spent 144% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Financial Journalism sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 24th percentile within NC. Charities of a similar size with the same main cause include Pigs Do Fly Theater Corp ($65k), Adaptable Security Corp ($65k) and Norwood Hills Country Club Preservation Foundation ($65k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $298, net assets of $23k.