Foresight Foundation for Economic Equity

Analysis

Foresight Foundation for Economic Equity is a registered charity in United States, based in Paradise Vly, AZ. It received its IRS tax-exemption ruling in April 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 (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, Foresight Foundation for Economic Equity reported income of $564k and spending of $766k, spending 136% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $505k to $564k (+12%), an average of +5.6% a year. The sharpest change came in the year to December 2022, when income rose by 24%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foresight Foundation for Economic Equity sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 69th percentile within AZ. Charities of a similar size with the same main cause include Communicare Industries Inc ($564k), The Watershed Center Inc ($564k) and Essex County Community Organization ($563k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $663k against liabilities of $250k, net assets of $413k.