Foundation of I Inc Freedom of the Cosmos

Analysis

Foundation of I Inc Freedom of the Cosmos is a registered charity in United States, based in Waianae, HI. It received its IRS tax-exemption ruling in June 1989, 37 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 of I Inc Freedom of the Cosmos reported income of $65k and spending of $68k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $76k to $65k (-15%), an average of -4.1% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation of I Inc Freedom of the Cosmos sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within HI. Charities of a similar size with the same main cause include Korean American Disabled Peoples Association Inc ($65k), Rides for Ridgefield Inc ($65k) and Society of St Vincent de Paul Council of Pensacola-Tallahassee ($65k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $48k (71% of expenses). At year end it held assets of $880k against liabilities of -$24, net assets of $880k. It reported 3 employees.