Finance Fund Capital Corporation

Analysis

Finance Fund Capital Corporation is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in September 2014, 12 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 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 December 2023, Finance Fund Capital Corporation reported income of $11.8m and spending of $2.1m, leaving 82% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $11.8m (+93%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 154%. Over the whole period it spent 30% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Finance Fund Capital Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include Waco Foundation ($11.8m), Jewishcolorado ($11.8m) and Western Colorado Community Foundation Inc ($11.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $92.6m against liabilities of $61.4m, net assets of $31.2m.