December 5th Fund

Analysis

December 5th Fund is a registered charity in United States, based in Maryland HTS, MO. It received its IRS tax-exemption ruling in August 2016, 10 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 June 2023, December 5th Fund reported income of $255k and spending of $291k, spending 114% of what it took in. Across the 3 years on record, from June 2020 to June 2023, income grew from $200k to $255k (+27%), an average of +13% a year. The sharpest change came in the year to June 2022, when income rose by 33%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, December 5th Fund sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within MO. Charities of a similar size with the same main cause include Rainbow Shoppe ($255k), Tobys Place Inc ($255k) and Bull City Fair Trade ($255k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $78k (27% of expenses). At year end it held assets of $63k against liabilities of $3,526, net assets of $59k. It reported 4 employees.