Fanatics Charitable Foundation

Analysis

Fanatics Charitable Foundation is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in July 2023, 3 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 supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fanatics Charitable Foundation reported income of $14.4m and spending of $20.3m, spending 141% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $10.0m to $14.4m (+44%), an average of +44% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 96% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Fanatics Charitable Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Adirondack Community Foundation Inc ($14.3m), Milwaukee Center for Independence Foundation Inc ($14.4m) and Helena Devereux Foundation ($14.3m).

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 $10.3m against liabilities of $9.4m, net assets of $861k.