FCP Inc

Analysis

FCP Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in October 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FCP Inc reported income of $10.0m and spending of $11.6m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $11.2m to $10.0m (-11%), an average of -2.8% a year. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FCP Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include FH Canada ($10.0m), Warren Village Inc ($10.0m) and Volunteers of America Inc ($10.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Other salaries and wages came to $7.5m. At year end it held assets of $6.2m against liabilities of $3.2m, net assets of $3.0m. It reported 241 employees.