Confetti Foundation

Analysis

Confetti Foundation is a registered charity in United States, based in Middletown, RI. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Confetti Foundation reported income of $125k and spending of $117k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $125k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Confetti Foundation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 38th percentile within RI. Charities of a similar size with the same main cause include Blues City Cultural Center ($125k), Commonwealth Lyric Theater Inc ($125k) and Preservation Oklahoma Inc ($125k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $131k against liabilities of $0, net assets of $131k.