Finseca Foundation

Analysis

Finseca Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1991, 35 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, Finseca Foundation reported income of $692k and spending of $625k, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.4m to $692k (-49%), an average of -16% a year. The sharpest change came in the year to December 2021, when income rose by 254%. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finseca Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 48th percentile within DC. Charities of a similar size with the same main cause include Manvel-Iowa Colony Lions Club ($692k), Faith Without Works Inc ($692k) and Shore Icare ($692k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 8.7% of the total. At year end it held assets of $3.2m against liabilities of $253k, net assets of $3.0m.