Fsic American Innovation and Opportunity Fund

Analysis

Fsic American Innovation and Opportunity Fund is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Fsic American Innovation and Opportunity Fund reported income of $230k and spending of $222k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $230k (+359%), an average of +359% a year. The sharpest change came in the year to December 2023, when income rose by 359%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fsic American Innovation and Opportunity Fund sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 31st percentile within DC. Charities of a similar size with the same main cause include Create Appalachia ($230k), Wyandotte Boat Club ($230k) and Spiritual Renewal Center of ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.