The Fertel Foundation

Analysis

The Fertel Foundation is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in August 2000, 26 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Fertel Foundation reported income of $62k and spending of $237k, spending 380% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $163k to $62k (-62%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 227%. Over the whole period it spent 180% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Fertel Foundation sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 24th percentile within LA. Charities of a similar size with the same main cause include Michael Petrone Foundation ($62k), Kidney Foundation of Ohio Real Estate Foundation ($62k) and Ukrainian American Youth Assoc ($62k).

At year end it held assets of $2.8m against liabilities of $6,000, net assets of $2.8m.

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.