Fellowshiplife Foundation Inc

Analysis

Fellowshiplife Foundation Inc is a registered charity in United States, based in Basking Ridge, NJ. It received its IRS tax-exemption ruling in May 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fellowshiplife Foundation Inc reported income of $3.7m and spending of $8.4m, spending 226% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $840k to $3.7m (+343%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 146% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fellowshiplife Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Aging Care Connections ($3.7m), Safe Haven Adolescent Home ($3.7m) and Nashville Food Project Inc ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $267k. At year end it held assets of $23.0m against liabilities of $75k, net assets of $22.9m.