Founders Fund Inc

Analysis

Founders Fund Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 June 2024, Founders Fund Inc reported income of $1.2m and spending of $564k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $409k to $1.2m (+202%), an average of +32% a year. The sharpest change came in the year to June 2024, when income rose by 318%. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Founders Fund Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include St Johns Day School ($1.2m), Visiting Nurse Association of Central Pa Inc ($1.2m) and Island Education Inc ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.