Foundation X Inc

Analysis

Foundation X Inc is a registered charity in United States, based in Winter Park, FL. It received its IRS tax-exemption ruling in May 2020, 6 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, Foundation X Inc reported income of $59k and spending of $68k, spending 115% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $103k to $59k (-42%), an average of -24% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Foundation X Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 27th percentile within FL. Charities of a similar size with the same main cause include Dublin Elementary School Parent Faculty Club ($59k), Morning Star Center for Social Progress ($59k) and Plum High Music Boosters ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.