Fortify Foundation

Analysis

Fortify Foundation is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in July 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, Fortify Foundation reported income of $2.2m and spending of $382k, leaving 83% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $1.2m to $2.2m (+82%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 84%. Over the whole period it spent 21% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fortify Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within SC. Charities of a similar size with the same main cause include Acupuncture and Integrative Medicine College Berkeley ($2.2m), Chesapeake Academy Inc ($2.2m) and Merrimac Heights Academy Inc ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $141k. At year end it held assets of $4.2m against liabilities of $269k, net assets of $3.9m. It reported 4 employees.