Thrive in Joy Nick Fagnano Foundation

Analysis

Thrive in Joy Nick Fagnano Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in May 2016, 10 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 December 2023, Thrive in Joy Nick Fagnano Foundation reported income of $301k and spending of $326k, spending 108% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $312k to $301k (-3.5%), an average of -1.8% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Thrive in Joy Nick Fagnano Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Catharine Blaine Parent-Teacher Association ($301k), Singing Cedars School Inc ($301k) and Opportunity Thrive Inc ($301k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $84k (26% of expenses). Other salaries and wages came to $23k. At year end it held assets of $126k against liabilities of $10k, net assets of $116k. It reported 8 employees.