FN Foundation Inc

Analysis

FN Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, FN Foundation Inc reported income of $1.4m and spending of $1.2m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.4m (-43%), an average of -13% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FN Foundation Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 79th percentile within NY. Charities of a similar size with the same main cause include Town of Babylon Youth Development Research Institute Inc ($1.4m), Charity Pros Inc ($1.4m) and Catch a Star Learning Centers Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. It paid $14k in professional fundraising fees. At year end it held assets of $297k against liabilities of $405, net assets of $296k.