Foundation Industries Inc

Analysis

Foundation Industries Inc is a registered charity in United States, based in Zachary, LA. It received its IRS tax-exemption ruling in May 2025. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Foundation Industries Inc reported income of $612k and spending of $637k, spending 104% of its income. Across the 2 years on record, from June 2019 to June 2020, income fell from $830k to $612k (-26%), an average of -26% a year. The sharpest change came in the year to June 2020, when income dropped by 26%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation Industries Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Agape Early Childhood Learning Development & Family Life Cen Inc ($612k), Middlebury Day Care Ministry ($612k) and Camden County Family Support Organization Inc ($612k).

On its Form 990 for the period ending June 2020, revenue came from contributions and grants 7.7% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $52k (8.2% of expenses). Other salaries and wages came to $405k. At year end it held assets of $284k against liabilities of $365k, net assets of -$81k. It reported 63 employees.