Christopher M Fuga Memorial Foundation

Analysis

Christopher M Fuga Memorial Foundation is a registered charity in United States, based in Phoenixville, PA. It received its IRS tax-exemption ruling in June 2017, 9 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, Christopher M Fuga Memorial Foundation reported income of $74k and spending of $155k, spending 211% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $129k to $74k (-43%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 43%. Over the whole period it spent 112% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Christopher M Fuga Memorial Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 27th percentile within PA. Charities of a similar size with the same main cause include Orthoarizona Foundation ($74k), Me-N-Eds Donation Foundation ($74k) and Castle Square Tenants Organization 2020 Charitable Trust ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% of the total. At year end it held assets of $47k against liabilities of $0, net assets of $47k.