Luis Fonsi Foundation Inc

Analysis

Luis Fonsi Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Luis Fonsi Foundation Inc reported income of $500k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $50k to $500k (+900%), an average of +78% a year. The sharpest change came in the year to December 2021, when income rose by 181718%. Over the whole period it spent 15% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Luis Fonsi Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include Transportation Association of Maryland Inc ($500k), America Mentors ($500k) and Commercial Real Estate Development Association Research Foundation ($500k).

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 $598k against liabilities of $0, net assets of $598k.