The Fatherless Foundation Inc

Analysis

The Fatherless Foundation Inc is a registered charity in United States, based in Fishers, IN. It received its IRS tax-exemption ruling in December 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, The Fatherless Foundation Inc reported income of $711k and spending of $478k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $821k to $711k (-13%), an average of -3.5% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Fatherless Foundation Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within IN. Charities of a similar size with the same main cause include Padrino Childrens Foundation Inc ($711k), Lake City Day Care Inc ($711k) and CVS Health Employee Relief Fund ($711k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (4.8% of expenses). Other salaries and wages came to $19k. At year end it held assets of $1.2m against liabilities of $4,840, net assets of $1.2m. It reported 1 employees.