Fiatm Group Inc

Analysis

Fiatm Group Inc is a registered charity in United States, based in Riverside, CA. It received its IRS tax-exemption ruling in March 2010, 16 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 December 2023, Fiatm Group Inc reported income of $272k and spending of $238k, spending 87% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $79k to $272k (+245%), an average of +245% a year. The sharpest change came in the year to December 2023, when income rose by 245%. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fiatm Group Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Road to Independence Inc ($272k), Brushfire Collective ($272k) and Village Network of Petaluma ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.3% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $173k (73% of expenses). At year end it held assets of $185k against liabilities of $0, net assets of $185k.