Addition Financial Foundation Inc

Analysis

Addition Financial Foundation Inc is a registered charity in United States, based in Lake Mary, FL. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Addition Financial Foundation Inc reported income of $182k and spending of $180k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $196k to $182k (-7.5%), an average of -7.5% a year. Over the whole period it spent 95% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Addition Financial Foundation Inc 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 52nd percentile, and in the 55th percentile within FL. Charities of a similar size with the same main cause include Gen Giammanco Foundation ($182k), The Central Korean School ($182k) and Shine Your Light ($182k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $90k against liabilities of $0, net assets of $90k.