FWRM Support Corporation

Analysis

FWRM Support Corporation is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, FWRM Support Corporation reported income of $458k and spending of $2.0m, spending 435% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $1.2m to $458k (-60%), an average of -21% a year. The sharpest change came in the year to June 2022, when income rose by 695%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, FWRM Support Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within IN. Charities of a similar size with the same main cause include Leading Education ($458k), Bowling Green Community Foundation Inc ($458k) and Al Copeland Foundation ($458k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $18.0m against liabilities of $16.3m, net assets of $1.7m.