Fannin Community Foundation Inc

Analysis

Fannin Community Foundation Inc is a registered charity in United States, based in Bonham, TX. It received its IRS tax-exemption ruling in April 1997, 29 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Fannin Community Foundation Inc reported income of $123k and spending of $150k, spending 122% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $131k to $123k (-6.3%), an average of -6.3% a year. Over the whole period it spent 107% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fannin Community Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 45th percentile within TX. Charities of a similar size with the same main cause include West Point Parents Club of Maryland District of Columbia & Virginia ($123k), Pixel Equips Kids ($123k) and Woodland Youth Sports ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 21% of the total. At year end it held assets of $308k against liabilities of $5,860, net assets of $303k.