Friends of Community Foundations of Canada

Analysis

Friends of Community Foundations of Canada is a registered charity in United States, based in Tempe, AZ. It received its IRS tax-exemption ruling in March 2021, 5 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 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, Friends of Community Foundations of Canada reported income of $565k and spending of $564k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.1m to $565k (-73%), an average of -73% a year. The sharpest change came in the year to December 2023, when income dropped by 73%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Community Foundations of Canada sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Spring Arbor University Foundation ($564k), WC Parents Inc ($565k) and Friends of Kiowa District Hospital and Manor Foundation Inc ($564k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $242k against liabilities of $242k, net assets of $22.