Fortaleza Inc

Analysis

Fortaleza Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 2021, 5 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, Fortaleza Inc reported income of $113k and spending of $91k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $109k to $113k (+3.9%), an average of +3.9% a year. Over the whole period it spent 56% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fortaleza Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Timberline Foundation Inc ($113k), Kodiak Kindness Project ($113k) and John W Hanberry Society ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 103% of the total. At year end it held assets of $202k against liabilities of $310, net assets of $201k.