Foundation Properties Inc

Analysis

Foundation Properties Inc is a registered charity in United States, based in Columbus, GA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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 July 2023, Foundation Properties Inc reported income of $5.4m and spending of $4.7m, spending 86% of its income. Across the 5 years on record, from July 2019 to July 2023, income fell from $6.0m to $5.4m (-9.4%), an average of -2.4% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation Properties Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within GA. Charities of a similar size with the same main cause include Liberty Steam Charter School ($5.4m), North Star Academy ($5.4m) and Friends of Father Judge High School Inc ($5.4m).

On its Form 990 for the period ending July 2023, revenue came from program service revenue 106% of the total. Other salaries and wages came to $158k. At year end it held assets of $66.2m against liabilities of $41.0m, net assets of $25.2m.