Fundafid Foundation Inc

Analysis

Fundafid Foundation Inc is a registered charity in United States, based in Pinecrest, FL. It received its IRS tax-exemption ruling in June 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, Fundafid Foundation Inc reported income of $465k and spending of $422k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $47k to $465k (+883%), an average of +214% a year. The sharpest change came in the year to December 2023, when income rose by 3156%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundafid Foundation Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include A Mothers Rest Charitable Respite Foundation ($464k), American Friends of Meir Medical Center ($465k) and Scarlet Rope Project ($464k).

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 $45k against liabilities of $0, net assets of $45k.