The Fountain Fund

Analysis

The Fountain Fund is a registered charity in United States, based in Charlottesville, VA. It received its IRS tax-exemption ruling in December 2016, 10 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, The Fountain Fund reported income of $2.0m and spending of $1.1m, leaving 45% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $838k to $2.0m (+144%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 122%. Over the whole period it spent 60% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, The Fountain Fund sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Arise Collective Inc ($2.0m), Prevent Child Abuse New York Inc ($2.0m) and Transitional Living Centers Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $83k (7.4% of expenses). Other salaries and wages came to $461k. At year end it held assets of $2.9m against liabilities of $344k, net assets of $2.6m. It reported 12 employees.