Folx Foundation Inc
100% goes to programs Thin reserves
Folx Foundation Inc is a 501(c)(3) organization based in Miami Beach, Florida, registered in 2025, with $120,639,845 in FY2023 revenue. CharityIndex grades it C, and it directs about 100% of spending to programs.
407 Lincoln Rd, Miami Beach, FL, 33139 EIN 86-3600057 Since 2025
Revenue (FY2023)
$120.6M
Health median: $840K
Expenses (FY2023)
$120.9M
Net assets
-$426K
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
C+Program efficiency40% of the rating100% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Folx Foundation Inc: 100% to programs earns a C+ on this criterion. See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -0% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Folx Foundation Inc: 0 mo reserves · -0% margin earns a D on this criterion. See the exact thresholds →
FGovernance25% of the rating0 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Folx Foundation Inc: 0 of 6 checks met earns a F on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Folx Foundation Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Folxs charitable mission is to provide healthcare treatment and preventive services, counseling, and related educational services to a particularly vulnerable population, namely persons with hiv individuals substantially at risk of contracting hiv
Contact & location
- Address
- 407 Lincoln Rd, Miami Beach, FL, 33139
- City
- Miami Beach
- State
- Florida
- Category
- Health Care
- Subcategory
- Health Support Services
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $0 (FY2022) to $120.6M (FY2023) across 2 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $14.6MNet assets -$426K
Operating margin
-0.3%
Spent more than it raised in the latest fiscal year.
Total assets
$14.2M
Total liabilities
$14.6M
Net assets
-$426K
Salaries & benefits
$160K
0% of expenses
Board members
3
0 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $120,639,845 | $120,949,471▲119211% | -$426,023▼266% | $14,158,057▲45313% | 990 |
| 2022 | $0 | $101,373▲575% | -$116,397▼675% | $31,176 | 990EZ |
| 2021 | — | $15,024 | -$15,024 | $0 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Dana Frank | Treasurer | 2 | — |
| Heather Stone | Secretary | 2 | — |
| Karen Bauer | President | 10 | — |
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Frequently asked questions
- Is Folx Foundation Inc a legitimate nonprofit?
- Yes. Folx Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 86-3600057, based in Miami Beach, Florida. Donations are tax-deductible.
- What is Folx Foundation Inc's EIN?
- Folx Foundation Inc's Employer Identification Number (EIN) is 86-3600057.
- How much revenue does Folx Foundation Inc report?
- Folx Foundation Inc reported $120,639,845 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Folx Foundation Inc's spending goes to programs?
- Folx Foundation Inc spends about 100% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Folx Foundation Inc have?
- CharityIndex grades Folx Foundation Inc C, based on program efficiency and fundraising cost.
- How much does Folx Foundation Inc's highest-paid employee make?
- The highest reported compensation on Folx Foundation Inc's latest Form 990 is $0, paid to Dana Frank (Treasurer).
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Data for Folx Foundation Inc (EIN 86-3600057) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.