Doughmain Financial Literacy Foundation Incorporated

Analysis

Doughmain Financial Literacy Foundation Incorporated is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in September 2013, 13 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 2022, Doughmain Financial Literacy Foundation Incorporated reported income of $147k and spending of $213k, spending 145% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $340k to $147k (-57%), an average of -24% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Doughmain Financial Literacy Foundation Incorporated sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include Laughing Bear Bakery ($147k), Prevent Suicide Pa ($147k) and Universities Allied for Essential Medicines Corp ($147k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $48k against liabilities of $40k, net assets of $7,966.