Fakir Musafar Foundation

Analysis

Fakir Musafar Foundation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in August 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Fakir Musafar Foundation reported income of $188k and spending of $157k, spending 84% of its income. Across the 2 years on record, from May 2023 to May 2024, income fell from $199k to $188k (-5.7%), an average of -5.7% a year. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fakir Musafar Foundation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Modern and Comtemporary Art Support Corp ($188k), Productora Angeles-Del-Fin Inc ($188k) and Brunswick Little Theater ($188k).

On its Form 990-EZ for the period ending May 2024, revenue came from contributions and grants 5.5% and program service revenue 93% of the total. At year end it held assets of $108k against liabilities of $0, net assets of $108k.