Kelly Faughnan Foundation

Analysis

Kelly Faughnan Foundation is a registered charity in United States, based in Clifton, VA. It received its IRS tax-exemption ruling in February 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 December 2023, Kelly Faughnan Foundation reported income of $65k and spending of $4,519, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $74k to $65k (-13%), an average of -13% a year. Over the whole period it spent 66% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Kelly Faughnan Foundation sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within VA. Charities of a similar size with the same main cause include Project Belong Foundation ($65k), Mike Fretz Foundation Inc ($65k) and Daniel J Parzych Memorial Fund ($65k).

At year end it held assets of $136k against liabilities of $0, net assets of $136k.