Funk - Zitiello Foundation

Analysis

Funk - Zitiello Foundation is a registered charity in United States, based in Ponte Vedra Beach, FL. It received its IRS tax-exemption ruling in October 2016, 10 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, Funk - Zitiello Foundation reported income of $549k and spending of $560k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $606k to $549k (-9.5%), an average of -2.5% a year. The sharpest change came in the year to December 2022, when income rose by 85%. Over the whole period it spent 104% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Funk - Zitiello Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Push for Dreams ($548k), Real Christian Foundation Inc ($549k) and Enhance LA Jolla ($548k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% of the total. At year end it held assets of $25k against liabilities of $0, net assets of $25k.