Foundry Training Group

Analysis

Foundry Training Group is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Foundry Training Group reported income of $250k and spending of $260k, spending 104% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $237k to $250k (+5.5%), an average of +5.5% a year. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundry Training Group sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Middle Tennessee Christian Foundation ($250k), Catch the Vision International ($250k) and Sigi & David Oblander Ministries Inc ($250k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $214k (82% of expenses). At year end it held assets of $47k against liabilities of $855, net assets of $46k. It reported 3 employees.