Fungi Foundation Inc

Analysis

Fungi Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Fungi Foundation Inc reported income of $348k and spending of $538k, spending 155% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $542k to $348k (-36%), an average of -20% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 94% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Fungi Foundation Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Northeast Wisconsin Land Trust Inc ($348k), Rural Land Foundation of Lincoln ($348k) and Downwinders at Risk Education Fund ($347k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 4.3% of the total. Other salaries and wages came to $92k. At year end it held assets of $139k against liabilities of $2,999, net assets of $136k. It reported 2 employees.