Fvca Thrift Inc

Analysis

Fvca Thrift Inc is a registered charity in United States, based in Neenah, WI. It received its IRS tax-exemption ruling in February 2010, 16 years ago. Its declared purposes cover human services, 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 December 2023, Fvca Thrift Inc reported income of $479k and spending of $373k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $300k to $479k (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fvca Thrift Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Black Wealth Summit Inc ($479k), Choices for Children Day School ($479k) and Blue Stream Residential Home Inc ($479k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.4% of the total. Compensation of current officers, directors and key employees was $30k (8.0% of expenses). Other salaries and wages came to $87k. At year end it held assets of $931k against liabilities of $496k, net assets of $435k. It reported 17 employees.