Foundation for American Content and Entertainment

Analysis

Foundation for American Content and Entertainment is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Foundation for American Content and Entertainment reported income of $1.5m and spending of $1.1m, leaving 27% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.4m to $1.5m (+4.8%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for American Content and Entertainment sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include National Museum of Industrial History ($1.5m), Ross Ragland Theatre ($1.5m) and Forward Theater Company ($1.5m).

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 $271k (25% of expenses). Other salaries and wages came to $48k. At year end it held assets of $587k against liabilities of $67k, net assets of $520k. It reported 2 employees.