Figure 1 Foundation

Analysis

Figure 1 Foundation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in March 2019, 7 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 December 2023, Figure 1 Foundation reported income of $50k and spending of $77k, spending 153% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $81k to $50k (-38%), an average of -38% a year. The sharpest change came in the year to December 2023, when income dropped by 38%. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Figure 1 Foundation sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within CA. Charities of a similar size with the same main cause include Happy Days Learning Center Inc ($50k), Discovery Elementary School PTO ($50k) and Grove Avenue School Parent Teacher Organization ($50k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $149k against liabilities of $30k, net assets of $118k.