Sims-Fayola Foundation Inc

Analysis

Sims-Fayola Foundation Inc is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Sims-Fayola Foundation Inc reported income of $1.5m and spending of $1.3m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $217k to $1.5m (+581%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 95%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Sims-Fayola Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within CO. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Central Mass Metrowest Inc ($1.5m), Climb Community Development Corporation ($1.5m) and Harbor Light Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. Compensation of current officers, directors and key employees was $190k (15% of expenses). Other salaries and wages came to $191k. It paid $28k in professional fundraising fees. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 12 employees.