Foundation for Spiritual Development

Analysis

Foundation for Spiritual Development is a registered charity in United States, based in San Rafael, CA. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 for Spiritual Development reported income of $206k and spending of $229k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $261k to $206k (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Foundation for Spiritual Development sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within CA. Charities of a similar size with the same main cause include Lighthouse Biblical Counseling Center Inc ($206k), Gurdwara Baba Deep Singh Inc ($206k) and Revelation of Love Ministries ($206k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $97k (42% of expenses). At year end it held assets of $259k against liabilities of $97k, net assets of $163k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.