Fabsit

Analysis

Fabsit is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1987, 39 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 May 2024, Fabsit reported income of $289k and spending of $207k, leaving 29% of income unspent that year. Across the 5 years on record, from May 2020 to May 2024, income grew from $199k to $289k (+45%), an average of +9.8% a year. The sharpest change came in the year to May 2021, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fabsit sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include American Palestinian Relief Association ($289k), GC Ministries Inc ($289k) and De LA Gente Inc ($289k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 73% and program service revenue 16% of the total. Other salaries and wages came to $60k. At year end it held assets of $1.2m against liabilities of $4,800, net assets of $1.2m. It reported 1 employees.