Fyims Incorporated

Analysis

Fyims Incorporated is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 2022, Fyims Incorporated reported income of $1.3m and spending of $1.6m, spending 118% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $1.3m (+2.6%), an average of +0.9% a year. Over the whole period it spent 117% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Fyims Incorporated sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include Boy Scouts of America ($1.3m), Girls Group ($1.3m) and Future Farmers of America and Its State Associations & Local Chapter ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 85% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $86k (5.5% of expenses). Other salaries and wages came to $845k. At year end it held assets of $5.3m against liabilities of $0, net assets of $5.3m. It reported 50 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.