Fbiaa Memorial College Fund

Analysis

Fbiaa Memorial College Fund is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in April 1985, 41 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fbiaa Memorial College Fund reported income of $1.5m and spending of $1.0m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.5m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 43%. Over the whole period it spent 61% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fbiaa Memorial College Fund sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Cincinnati Education and Research for Veterans Foundation ($1.5m), Partners Creating Community Inc ($1.5m) and East Texas Pregnancy Help Center Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% of the total. At year end it held assets of $15.5m against liabilities of $38k, net assets of $15.5m.