Fabulous 50s Foundation

Analysis

Fabulous 50s Foundation is a registered charity in United States, based in Fayetteville, TN. It received its IRS tax-exemption ruling in October 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 June 2024, Fabulous 50s Foundation reported income of $214k and spending of $125k, leaving 42% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $130k to $214k (+64%), an average of +64% a year. The sharpest change came in the year to June 2024, when income rose by 64%. Over the whole period it spent 59% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fabulous 50s Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 56th percentile within TN. Charities of a similar size with the same main cause include Weston Community Foundation Inc ($214k), Serve Incorporated ($214k) and Action Brown County Inc ($214k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% of the total. At year end it held assets of $213k against liabilities of $0, net assets of $213k.