Foles Believe Foundation Inc

Analysis

Foles Believe Foundation Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2020, 6 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Foles Believe Foundation Inc reported income of $615k and spending of $838k, spending 136% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income fell from $1.2m to $615k (-51%), an average of -51% a year. The sharpest change came in the year to December 2021, when income dropped by 51%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Foles Believe Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Idaho Ffa Foundation Inc ($614k), Family Career and Community Leaders of America Inc ($615k) and House with a Heart Pet Sanctuary ($614k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. It paid $11k in professional fundraising fees. At year end it held assets of $7,202 against liabilities of $0, net assets of $7,202.