Frontier Innovations Foundation

Analysis

Frontier Innovations Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Frontier Innovations Foundation reported income of $99k and spending of $113k, spending 114% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $454k to $99k (-78%), an average of -78% a year. The sharpest change came in the year to December 2022, when income dropped by 78%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Frontier Innovations Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within NY. Charities of a similar size with the same main cause include Source of Compassion ($99k), Impactful Missions Inc ($99k) and Hands of Mercy International ($99k).

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 $29k against liabilities of $0, net assets of $29k.