Fashion Foundation

Analysis

Fashion Foundation is a registered charity in United States, based in Lindenhurst, NY. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Fashion Foundation reported income of $176k and spending of $176k, spending 100% of its income. Across the 3 years on record, from June 2022 to June 2024, income fell from $219k to $176k (-20%), an average of -10% a year. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fashion Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include Carbondale New School ($176k), Literacy Volunteers of Coconino County ($176k) and Masonry Industry Training Assoc ($176k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $27k (15% of expenses). At year end it held assets of $64k against liabilities of $0, net assets of $64k. It reported 1 employees.