Fortitude Foundation

Analysis

Fortitude Foundation is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in January 2024, 2 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 2022, Fortitude Foundation reported income of $74k and spending of $49k, leaving 33% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $172k to $74k (-57%), an average of -25% a year. The sharpest change came in the year to December 2022, when income rose by 278%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fortitude Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within AL. Charities of a similar size with the same main cause include Blessing Barn ($74k), Dare to Hope Inc ($74k) and Lynn Ministries Inc ($74k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 48% of the total. At year end it held assets of $659k against liabilities of $0, net assets of $659k.