Fashion Accessories Benefit Ball Inc

Analysis

Fashion Accessories Benefit Ball Inc is a registered charity in United States, based in Wilton, CT. It received its IRS tax-exemption ruling in April 1991, 35 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Fashion Accessories Benefit Ball Inc reported income of $57k and spending of $105k, spending 183% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $132k to $57k (-57%), an average of -19% a year. The sharpest change came in the year to December 2020, when income dropped by 106%. Over the whole period it spent 147% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fashion Accessories Benefit Ball Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within CT. Charities of a similar size with the same main cause include Davis Sculpture Foundation ($57k), Worcester County Veterans Memorial at Ocean Pines Foundation Inc ($57k) and The Legacy Project Inc ($57k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 176% of the total. Compensation of current officers, directors and key employees was $65k (62% of expenses). At year end it held assets of $332k against liabilities of $0, net assets of $332k. It reported 2 employees.