1909 Foundation

Analysis

1909 Foundation is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 2023, 1909 Foundation reported income of $691k and spending of $551k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $520k to $691k (+33%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, 1909 Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Making It Count Community Development ($691k), Capital Area Alliance for the Homeless ($692k) and New Covenant Community Development ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.4% of the total. Compensation of current officers, directors and key employees was $126k (23% of expenses). At year end it held assets of $197k against liabilities of $7,824, net assets of $190k. It reported 4 employees.