Fundacrecer

Analysis

Fundacrecer is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Fundacrecer reported income of $335k and spending of $300k, spending 90% of its income. Across the 2 years on record, from December 2021 to December 2022, income grew from $167k to $335k (+101%), an average of +101% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fundacrecer sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within CA. Charities of a similar size with the same main cause include First Growth Children and Family Charities Inc ($335k), Philadelphia Grace Project Inc ($335k) and Marys Place Inc ($335k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $75k against liabilities of $1,342, net assets of $73k.