Inevitable Foundation

Analysis

Inevitable Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 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 (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, Inevitable Foundation reported income of $887k and spending of $1.2m, spending 140% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $619k to $887k (+43%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 176%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Inevitable Foundation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Balmer Foundation Inc ($887k), American Friends of Chaiyanu ($887k) and Tag Education Collaborative Inc ($886k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $85k (6.8% of expenses). Other salaries and wages came to $338k. It paid $89k in professional fundraising fees. At year end it held assets of $962k against liabilities of $13k, net assets of $949k. It reported 9 employees.