Faact Inc

Analysis

Faact Inc is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 2001, 25 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Faact Inc reported income of $1.1m and spending of $1.1m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $764k to $1.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 67%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Faact Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within PA. Charities of a similar size with the same main cause include Serenity Inc ($1.1m), Divine Children Inc ($1.1m) and American Board of Nuclear Medicine Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $794k. At year end it held assets of $437k against liabilities of $68k, net assets of $369k. It reported 21 employees.