Finnup Foundation

Analysis

Finnup Foundation is a registered charity in United States, based in Garden City, KS. It received its IRS tax-exemption ruling in January 1978, 48 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Finnup Foundation reported income of $2.4m and spending of $2.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.4m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 129%. Over the whole period it spent 68% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Finnup Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within KS. Charities of a similar size with the same main cause include Caipa Foundation Inc ($2.3m), Samuel Z Stone Cipr Support Trust ($2.4m) and Aist Foundation ($2.3m).

Compensation of current officers, directors and key employees was $136k (6.8% of expenses). Other salaries and wages came to $189k. At year end it held assets of $31.9m against liabilities of $1.7m, net assets of $30.2m. It reported 3 employees.