Melvin and Betty Fine Foundation Inc

Analysis

Melvin and Betty Fine Foundation Inc is a registered charity in United States, based in Boca Raton, FL. It received its IRS tax-exemption ruling in February 1993, 33 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, Melvin and Betty Fine Foundation Inc reported income of $63k and spending of $113k, spending 178% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $194k to $63k (-67%), an average of -24% a year. The sharpest change came in the year to December 2020, when income dropped by 45%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Melvin and Betty Fine Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 28th percentile within FL. Charities of a similar size with the same main cause include Harrison County Community Hospital Foundation Inc ($63k), Baco Che-Na-Wah Bazaar Foundation ($63k) and Coronado Community Foundation ($63k).

At year end it held assets of $2.5m against liabilities of $0, net assets of $2.5m.

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.