Face Inc

Analysis

Face Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in October 1971, 55 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 June 2023, Face Inc reported income of $1.1m and spending of $922k, spending 81% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $890k to $1.1m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 26%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Face Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Prairie Center Against Sexual Assault ($1.1m), Central Michigan Mental Health Facilities Board ($1.1m) and Boy Scouts of America ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $88k (9.6% of expenses). Other salaries and wages came to $561k. At year end it held assets of $1.2m against liabilities of $65k, net assets of $1.1m. It reported 19 employees.