Foundation Fund

Analysis

Foundation Fund is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Foundation Fund reported income of $3.3m and spending of $1.0m, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $2.4m to $3.3m (+37%), an average of +37% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 30% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation Fund sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within OH. Charities of a similar size with the same main cause include Centro Margarita Inc ($3.3m), Dallas County System of Services Inc ($3.3m) and Big Cat Rescue Corp ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $70k (6.9% of expenses). At year end it held assets of $4.0m against liabilities of $0, net assets of $4.0m.