Foundation4arts Inc

Analysis

Foundation4arts Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Foundation4arts Inc reported income of $532k and spending of $526k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $532k to $532k (-0.1%), an average of +-0.0% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation4arts Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include New Life Mission ($532k), Friends of Georgica Pond Foundation Inc ($532k) and Virginias Kids Belong ($532k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $26k (4.9% of expenses). At year end it held assets of $153k against liabilities of $268k, net assets of -$114k. It reported 8 employees.