Foundation for the Exhibition of Photography

Analysis

Foundation for the Exhibition of Photography is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2023, Foundation for the Exhibition of Photography reported income of $928k and spending of $1.0m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $928k (-26%), an average of -7.2% a year. The sharpest change came in the year to August 2022, when income rose by 82%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for the Exhibition of Photography sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MN. Charities of a similar size with the same main cause include Alliance Francaise de Puerto Rico ($927k), Cosley Foundation Inc ($928k) and Pendragon Inc ($927k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 13% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $168k (16% of expenses). Other salaries and wages came to $93k. At year end it held assets of $1.0m against liabilities of $1.8m, net assets of -$732k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.