Finlandia Foundation National Inc

Analysis

Finlandia Foundation National Inc is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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, Finlandia Foundation National Inc reported income of $2.0m and spending of $1.3m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $380k to $2.0m (+418%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 255%. Over the whole period it spent 67% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Finlandia Foundation National Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Borculo Christian School ($2.0m), Hillel the Foundation for Jewish Campus Life ($2.0m) and Duet Partners in Health & Aging Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 1.1% of the total. Other salaries and wages came to $395k. At year end it held assets of $4.5m against liabilities of $3,032, net assets of $4.5m. It reported 5 employees.