Foundation X Inc is a 501(c)(3) organization based in Winter Park, Florida, registered in 2020, with $59,281 in FY2023 revenue. CharityIndex grades it C+.
Revenue (FY2023)
$59K
▼ 5.6% vs prior year
Education median: $200K
Expenses (FY2023)
$68K
Net assets
$14K
Employees
—
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. Not scored for Foundation X Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Foundation X Inc: 2 mo reserves · -15% margin earns a C+ on this criterion. See the exact thresholds →
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. Not scored for Foundation X Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
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 Foundation X Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue declined from $103K (FY2021) to $59K (FY2023) across 3 reported years.
Financial snapshot
Operating margin
-14.6%
Spent more than it raised in the latest fiscal year.
Total assets
$14K
Net assets
$14K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $59,281▼5.6% | $67,934▲14.9% | $13,757▼38.6% | $13,757▼38.6% | 990EZ |
| 2022 | $62,821▼39.0% | $59,113▼44.0% | $22,410▲19.8% | $22,410▲19.8% | 990EZ |
| 2021 | $103,042 | $105,621 | $18,702 | $18,702 | 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.
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Data for Foundation X Inc (EIN 84-2628305) 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.