Foundation 99

Analysis

Foundation 99 is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 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, Foundation 99 reported income of $136k and spending of $222k, spending 163% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $399k to $136k (-66%), an average of -66% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation 99 sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 48th percentile within TX. Charities of a similar size with the same main cause include Emmaus House Inc ($136k), Eldersource ($136k) and Noology Institute ($136k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1,488 against liabilities of $319k, net assets of -$318k.