Foss Empowerment Foundation

Analysis

Foss Empowerment Foundation is a registered charity in United States, based in El Dorado HLS, CA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foss Empowerment Foundation reported income of $199k and spending of $55k, leaving 73% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $28k to $199k (+616%), an average of +616% a year. The sharpest change came in the year to December 2023, when income rose by 616%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foss Empowerment Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 56th percentile within CA. Charities of a similar size with the same main cause include Bestowers Foundation Inc ($199k), Adopt-A-Family Local Foods Connection ($199k) and Hillyard Senior Center ($199k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.