Fountainhead Inc

Analysis

Fountainhead Inc is a registered charity in United States, based in Dublin, CA. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fountainhead Inc reported income of $6.1m and spending of $4.7m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income fell from $7.3m to $6.1m (-17%), an average of -4.6% a year. The sharpest change came in the year to June 2023, when income rose by 161%. Over the whole period it spent 120% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fountainhead Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Archway Classical Academy Chandler ($6.1m), Ivy Academy Inc ($6.1m) and Washington Research Library Consortium ($6.1m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.0% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $209k (4.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.7m against liabilities of $2.7m, net assets of $3.1m. It reported 70 employees.