Funducation Inc

Analysis

Funducation Inc is a registered charity in United States, based in Lakewood RCH, FL. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Funducation Inc reported income of $321k and spending of $148k, leaving 54% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $61k to $321k (+426%), an average of +74% a year. The sharpest change came in the year to December 2022, when income rose by 359%. Over the whole period it spent 39% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Funducation Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within FL. Charities of a similar size with the same main cause include Boys and Girls Club of American Samoa ($321k), Edtunity Institute Inc ($321k) and Kingdom Ministries ($321k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $74k (50% of expenses). At year end it held assets of $456k against liabilities of $611, net assets of $455k. It reported 1 employees.