Fernando Foundation Inc

Analysis

Fernando Foundation Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in February 2002, 24 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, Fernando Foundation Inc reported income of $225k and spending of $240k, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $218k to $225k (+3.4%), an average of +3.4% a year. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fernando Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 60th percentile within GA. Charities of a similar size with the same main cause include Louisiana Foundation for Excellence in Science Technology and Educatn ($225k), Amistad Cristiana Cristian Church ($225k) and Calipari Foundation Inc ($225k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $95k (40% of expenses). At year end it held assets of $62k against liabilities of $22k, net assets of $39k.