Friends of 400 Foundation

Analysis

Friends of 400 Foundation is a registered charity in United States, based in Madison, AL. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover unknown, 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, Friends of 400 Foundation reported income of $353k and spending of $169k, leaving 52% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $243k to $353k (+45%), an average of +45% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 38% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of 400 Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Fox Valley Youth Hockey Assoc ($353k), Orland Community Volunteer Fire Department Inc ($353k) and Wilson Community Improvement Association Incorporated ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $25k (15% of expenses). Other salaries and wages came to $1,831. At year end it held assets of $470k against liabilities of $32k, net assets of $438k.