Face the Music Foundation Inc

Analysis

Face the Music Foundation Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in October 2016, 10 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, Face the Music Foundation Inc reported income of $56k and spending of $163k, spending 293% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $211k to $56k (-74%), an average of -36% a year. The sharpest change came in the year to December 2020, when income rose by 542%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Face the Music Foundation Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include American Boy ($56k), Middle Finger to Cancer Inc ($56k) and Western States Council Leukemia Fund ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $236k against liabilities of $414k, net assets of -$178k.