Fidec Inc

Analysis

Fidec Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in March 2002, 24 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Fidec Inc reported income of $338k and spending of $3.7m, spending 1105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.0m to $338k (-96%), an average of -55% a year. The sharpest change came in the year to December 2021, when income rose by 381%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Fidec Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 67th percentile within FL. Charities of a similar size with the same main cause include The Maryland Sickle Cell Disease Ssociation Incorporated ($338k), Perry County Emergency Communications District ($338k) and Supporting Organization of Treasure Coast Community Health Inc ($337k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 33% of the total. Other salaries and wages came to $864k. At year end it held assets of $8.4m against liabilities of $32k, net assets of $8.4m. It reported 5 employees.