Foundation 154 Inc

Analysis

Foundation 154 Inc is a registered charity in United States, based in Elba, AL. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Foundation 154 Inc reported income of $135k and spending of $11k, leaving 92% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income fell from $166k to $135k (-19%), an average of -19% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 5.7% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation 154 Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within AL. Charities of a similar size with the same main cause include Los Angeles Police Emerald Society Pipes and Drums Inc ($135k), Topsfield Historical Society ($135k) and Summit Performance Indianapolis Inc ($135k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 2.8% of the total. At year end it held assets of $478k against liabilities of $72k, net assets of $406k.