Fifth C Foundation Inc

Analysis

Fifth C Foundation Inc is a registered charity in United States, based in Clearwater, FL. It received its IRS tax-exemption ruling in January 2021, 5 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 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 October 2023, Fifth C Foundation Inc reported income of $497k and spending of $417k, spending 84% of its income. Across the 4 years on record, from October 2020 to October 2023, income grew from $159k to $497k (+212%), an average of +46% a year. The sharpest change came in the year to October 2022, when income rose by 217%. Over the whole period it spent 76% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fifth C Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 73rd percentile within FL. Charities of a similar size with the same main cause include The Salopek Foundation ($497k), Norfolk Area United Way Inc ($497k) and The Shearim USA Charitable Trust ($497k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $244k against liabilities of $0, net assets of $244k.