Fund More Good Foundation Inc

Analysis

Fund More Good Foundation Inc is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 2022, Fund More Good Foundation Inc reported income of $788k and spending of $792k, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $546k to $788k (+44%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 249%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund More Good Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include S & a Childrens Care Services ($787k), Community Foundation Trust ($790k) and Lipstick Angels ($787k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $113k against liabilities of $0, net assets of $113k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.