The Foundation United

Analysis

The Foundation United is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, The Foundation United reported income of $963k and spending of $1.8m, spending 190% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $963k (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2021, when income rose by 123%. Over the whole period it spent 92% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, The Foundation United sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 81st percentile within FL. Charities of a similar size with the same main cause include Blairs Fire & Rescue Inc ($960k), Purcellville Volunteer Fire Department Incorporated ($966k) and Fire Department of North Versailles ($959k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 1.6% of the total. Other salaries and wages came to $284k. At year end it held assets of $708k against liabilities of $104k, net assets of $605k. It reported 3 employees.