National Fashion Foundation Corp

Analysis

National Fashion Foundation Corp is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, National Fashion Foundation Corp reported income of $74k and spending of $21k, leaving 72% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $25k to $74k (+197%), an average of +197% a year. The sharpest change came in the year to December 2023, when income rose by 197%. Over the whole period it spent 55% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Fashion Foundation Corp sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 14th percentile within DC. Charities of a similar size with the same main cause include Joined Artists Musicians & Singers Inc ($74k), Information Clearinghouse for Chinese Gays and Lesbians ($74k) and Israeli Dance Institute Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.0% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.