Five for the Fight Foundation

Analysis

Five for the Fight Foundation is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in December 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 (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, Five for the Fight Foundation reported income of $1.1m and spending of $500k, leaving 56% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.5m to $1.1m (-96%), an average of -54% a year. The sharpest change came in the year to December 2022, when income rose by 834%. Over the whole period it spent 94% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Five for the Fight Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 79th percentile within UT. Charities of a similar size with the same main cause include Social Venture Partners Tucson ($1.1m), Cardiff Soccer League Inc ($1.1m) and United Way of Morgan County ($1.1m).

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 $15.0m against liabilities of $9.1m, net assets of $5.9m.