Fast Lane Foundation

Analysis

Fast Lane Foundation is a registered charity in United States, based in Bremen, OH. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Fast Lane Foundation reported income of $51k and spending of $45k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $64k to $51k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 84% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fast Lane Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 20th percentile within OH. Charities of a similar size with the same main cause include Luzerne County Bar Association Charitable Foundation Inc ($51k), Let Em Run Foundation ($51k) and Central Nassau County Rotary Foundation Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $28k against liabilities of $0, net assets of $28k.