Fospe Inc

Analysis

Fospe Inc is a registered charity in United States, based in Miami Beach, FL. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Fospe Inc reported income of $469k and spending of $478k, spending 102% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $391k to $469k (+20%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 625%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fospe Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include The Reading Foundation ($469k), Kore Academy Inc ($470k) and Creative Learning for Children Inc ($469k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 11% and program service revenue 85% of the total. At year end it held assets of $131k against liabilities of $2,178, net assets of $128k.