Fmi Foundation

Analysis

Fmi Foundation is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in December 1996, 30 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, Fmi Foundation reported income of $737k and spending of $964k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $737k (-57%), an average of -19% a year. The sharpest change came in the year to December 2021, when income rose by 57%. Over the whole period it spent 83% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fmi Foundation 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 76th percentile within VA. Charities of a similar size with the same main cause include Montclair Fund for Educational Excellence Inc ($736k), Schenectady Foundation Inc ($737k) and Swedemom Center of Giving ($736k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $12.2m against liabilities of $1.3m, net assets of $10.8m.