Fargo-Moorhead Area Foundation Corporation

Analysis

Fargo-Moorhead Area Foundation Corporation is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in October 1960, 66 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 December 2023, Fargo-Moorhead Area Foundation Corporation reported income of $8.0m and spending of $9.2m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $20.8m to $8.0m (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 343%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fargo-Moorhead Area Foundation Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ND. Charities of a similar size with the same main cause include Don & Sybil Harrington Foundation ($8.0m), Cal Poly Pomona Philanthropic Foundation ($8.0m) and North Central Area Agency on Aging Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% of the total. Compensation of current officers, directors and key employees was $365k (4.0% of expenses). Other salaries and wages came to $292k. At year end it held assets of $109.6m against liabilities of $1.9m, net assets of $107.8m. It reported 8 employees.