Foundation Events Ecc - Education Capacity Community

Analysis

Foundation Events Ecc - Education Capacity Community is a registered charity in United States, based in Burke, VA. It received its IRS tax-exemption ruling in May 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Foundation Events Ecc - Education Capacity Community reported income of $74k and spending of $315k, spending 424% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $439k to $74k (-83%), an average of -83% a year. The sharpest change came in the year to December 2023, when income dropped by 83%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Foundation Events Ecc - Education Capacity Community sits at the 29th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($74k), International Heavy Haul Association ($74k) and Rochester Neighborhood Resource Center ($74k).

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 $31k against liabilities of $3, net assets of $31k.