CFC Loud N Clear Foundation

Analysis

CFC Loud N Clear Foundation is a registered charity in United States, based in Farmingdale, NJ. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, CFC Loud N Clear Foundation reported income of $62k and spending of $443k, spending 711% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $439k to $62k (-86%), an average of -39% a year. The sharpest change came in the year to December 2023, when income dropped by 94%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, CFC Loud N Clear Foundation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 32nd percentile within NJ. Charities of a similar size with the same main cause include United for the Mentally Ill Inc ($62k), Marion J Gallagher Foundation Inc ($62k) and Portland Black Community Development Consortium ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 348% of the total. Compensation of current officers, directors and key employees was $267k (60% of expenses). At year end it held assets of $261k against liabilities of $148k, net assets of $113k. It reported 17 employees.