FM Athletics Inc

Analysis

FM Athletics Inc is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, FM Athletics Inc reported income of $407k and spending of $358k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $335k to $407k (+21%), an average of +5.0% a year. The sharpest change came in the year to December 2021, when income rose by 4733%. Over the whole period it spent 95% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, FM Athletics Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 63rd percentile within ND. Charities of a similar size with the same main cause include Florida State Soccer Association Inc ($407k), Center for Movement Challenges Inc ($407k) and Green Level High School Athletic Booster Club ($407k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.9% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $28k (7.8% of expenses). Other salaries and wages came to $7,632. At year end it held assets of $478k against liabilities of $111, net assets of $478k. It reported 5 employees.