Eight Eleven Foundation Inc

Analysis

Eight Eleven Foundation Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 2022, 4 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, Eight Eleven Foundation Inc reported income of $356k and spending of $220k, leaving 38% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $356k (+101%), an average of +101% a year. The sharpest change came in the year to December 2023, when income rose by 101%. Over the whole period it spent 46% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Eight Eleven Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Maplewood Memorial Library Foundation - a New Jersey Non-Prof ($355k), Our Lady of Fatima Villa Foundation ($356k) and RSVP of Central Oklahoma Inc ($355k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $286k against liabilities of $0, net assets of $286k.