Fund for the Guggenheim Fellowships

Analysis

Fund for the Guggenheim Fellowships is a registered charity in United States, based in New York, NY. 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 December 2023, Fund for the Guggenheim Fellowships reported income of $423k and spending of $405k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $180k to $423k (+135%), an average of +135% a year. The sharpest change came in the year to December 2023, when income rose by 135%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fund for the Guggenheim Fellowships sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within NY. Charities of a similar size with the same main cause include Curegrin Foundation ($423k), United Way of Calhoun County ($423k) and Community Shares Inc ($423k).

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 $351k against liabilities of $214k, net assets of $136k.