FP Assistance Inc

Analysis

FP Assistance Inc is a registered charity in United States, based in Forney, TX. It received its IRS tax-exemption ruling in August 1996, 30 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 September 2023, FP Assistance Inc reported income of $37.6m and spending of $36.6m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $33.5m to $37.6m (+12%), an average of +2.9% a year. The sharpest change came in the year to September 2023, when income rose by 21%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FP Assistance Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Family Services Inc ($37.6m), American Friends of Yad Eliezer Inc ($37.6m) and Cooperative for Human Services Inc ($37.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.4% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $691k (1.9% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $1.4m against liabilities of $85k, net assets of $1.3m. It reported 70 employees.