FDM Foundation

Analysis

FDM Foundation is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, FDM Foundation reported income of $3.7m and spending of $3.9m, spending 105% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $2.7m to $3.7m (+38%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, FDM Foundation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Foundation for the McKnight Center for the Performing Arts ($3.7m), Shadowserver Foundation Inc ($3.7m) and Institute of Classical Architecture and Art Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $137k against liabilities of $0, net assets of $137k.