Fountain of Kindness Inc

Analysis

Fountain of Kindness Inc is a registered charity in United States, based in Great Neck, NY. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Fountain of Kindness Inc reported income of $271k and spending of $298k, spending 110% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $287k to $271k (-5.6%), an average of -1.9% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fountain of Kindness Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Lymphatic Malformation Alliance Inc ($271k), Brighton First Inc ($271k) and Southeast Alabama Emergency Medical Services Council ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $60k (20% of expenses). At year end it held assets of $303k against liabilities of $12k, net assets of $291k. It reported 1 employees.