Project Fibonacci Foundation Inc

Analysis

Project Fibonacci Foundation Inc is a registered charity in United States, based in Rome, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover science and technology, which this site groups under arts, culture, heritage and science. 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, Project Fibonacci Foundation Inc reported income of $177k and spending of $215k, spending 121% of what it took in. Across the 5 years on record, from December 2016 to December 2023, income fell from $388k to $177k (-54%), an average of -18% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Project Fibonacci Foundation Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 49th percentile within NY. Charities of a similar size with the same main cause include South Texas Association of Dance Teachers Inc ($177k), Make Shift ($177k) and Calliope Creative Foundation ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $64k against liabilities of $0, net assets of $64k.