Foundation for Financial Planning Inc

Analysis

Foundation for Financial Planning Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 1983, 43 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, Foundation for Financial Planning Inc reported income of $2.5m and spending of $2.0m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.0m to $2.5m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2021, when income rose by 234%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation for Financial Planning Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 70th percentile within DC. Charities of a similar size with the same main cause include Community Alliance for the Homeless Inc ($2.5m), Apelah Inc ($2.5m) and Arab American Association of Ny Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $405k (20% of expenses). Other salaries and wages came to $695k. At year end it held assets of $29.4m against liabilities of $715k, net assets of $28.6m. It reported 8 employees.