Foundation for Amateur Radio Inc

Analysis

Foundation for Amateur Radio Inc is a registered charity in United States, based in Arbutus, MD. It received its IRS tax-exemption ruling in June 1960, 66 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation for Amateur Radio Inc reported income of $72k and spending of $104k, spending 145% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $78k to $72k (-8.8%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income rose by 743%. Over the whole period it spent 124% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation for Amateur Radio Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include The Swedish Finn Historical Society ($72k), McDonough County 4-H Building and Grounds Corporation ($72k) and Tahoma Cooperative Preschool ($71k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $210k against liabilities of $0, net assets of $210k.

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.