Foundationone

Analysis

Foundationone is a registered charity in United States, based in Coeur D Alene, ID. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, Foundationone reported income of $1.2m and spending of $864k, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to June 2023, income grew from $428k to $1.2m (+179%), an average of +29% a year. The sharpest change came in the year to June 2022, when income rose by 543%. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundationone sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within ID. Charities of a similar size with the same main cause include Ohio Scholarship Fund ($1.2m), One World Education ($1.2m) and African American Male Educational Network and Development ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $135k (16% of expenses). At year end it held assets of $6.1m against liabilities of $4,894, net assets of $6.1m. It reported 2 employees.