Fomento Social Banamex, Ac

Fomento Social Banamex, Ac is a registered community development nonprofit based in Ciudad de México, Ciudad de México, Mexico. It is registered with the SAT (Servicio de Administracion Tributaria). It was founded in 2003 and has been operating for 23 years. Its registration number is FSB921216652. GiveRadar's Integrity Assessment for the organization is 73/100, which reflects how much public information is available, not whether the charity is legitimate. The organization reports $99M in annual revenue. No red flags have been detected.

Fomento Social Banamex, Ac's official registration number is FSB921216652, as recorded in the national registry of Mexico.

Fomento Social Banamex, Ac has a GiveRadar Integrity Assessment of 73/100. This score combines five components: Registration (20 pts), Financial Transparency (30 pts), Governance (20 pts), Contact Availability (10 pts), and Data Recency (20 pts), with negative adjustments for any red flags. A score of 73 ('Strong transparency') reflects well-documented governance, recent financials, named leadership, and working contact details. For comparison, the average integrity assessment for community development charities in Mexico is 77/100.

Fomento Social Banamex, Ac is located in Ciudad de México, Ciudad de México, Mexico. The organization was established in 2003 and has been active for 23 years. Its registered address is Isabel La Catolica, 44, Col. Centro De La Ciudad De Mexico Area 1, Ciudad De Mexico, C.P. 06000, Mexico.

Based on official tax filings, Fomento Social Banamex, Ac has $99M in annual revenue. It allocates 67% of expenses to programs and services. This is above the average of 61% for community development charities in Mexico. Administrative costs account for 2% of expenses. Its revenue is significantly above the peer average of $39M. Create a free GiveRadar account to view the complete financial breakdown with year-over-year trends.

Fomento Social Banamex, Ac is classified as a Community Development organization, registered in Mexico. It operates as an Apoyo a donatarias. By size, it is categorized as a large organization. It has $99M in annual revenue.

No red flags have been detected for Fomento Social Banamex, Ac. GiveRadar automatically screens charities for concerning patterns including high executive compensation, low program spending, and missing financial filings. Based on available official data, no issues have been identified.

According to GiveRadar's records, Fomento Social Banamex, Ac is registered with the SAT (Servicio de Administracion Tributaria) and overseen by SAT. It reports that 67% of expenses go to programs (the peer average is 61%). GiveRadar provides data for research and does not endorse any organization. A GiveRadar Integrity Assessment reflects how much public data is available, not whether an organization is safe to donate to, so it is always smart to do your own research before giving.

"Article Two. - The object of the Association is:a. To promote, encourage and support economically other authorized donors, legal persons who have the authorization to receive donations in terms of the Income Tax Act, (...)b. To meet basic subsistence requirements in terms of food, clothing or housing for persons, sectors and groups vulnerable by age, gender, ethnic origin, educational level, economic status or physical and/or mental condition.c. To provide social guidance, education and training for the development of skills and promotions for employment and for the development of enterprises of the social economy and sustainable development.d. To promote and promote actions to improve the popular economy.(...)g. To support the development... Fomento Social Banamex, Ac is classified as a community development organization registered in Mexico. The organization was founded in 2003.

Among community development charities registered in Mexico: It allocates 67% of expenses to programs, above the peer average of 61%. Its annual revenue of $99M is well above the peer average of $39M.

Fomento Social Banamex, Ac is registered in Mexico. Donations to authorized donees (donatarias autorizadas) are tax-deductible up to 7% of your previous year's taxable income. The organization must be listed on SAT's official registry of authorized donees.