Wendy and Avron Fogelman Foundation

Analysis

Wendy and Avron Fogelman Foundation is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wendy and Avron Fogelman Foundation reported income of $2.7m and spending of $7.6m, spending 277% of what it took in. Across the 5 years on record, from December 2019 to June 2023, income grew from $55k to $2.7m (+4864%), an average of +165% a year. The sharpest change came in the year to December 2021, when income rose by 1223%. Over the whole period it spent 129% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Wendy and Avron Fogelman Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Cloverhill Christian Academy ($2.7m), Denver Inner City Parish Inc ($2.7m) and Church of the Harvest ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $6.4m against liabilities of $6.4m, net assets of -$26k.