Fiafw Inc

Analysis

Fiafw Inc is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fiafw Inc reported income of $15.0m and spending of $19.0m, spending 127% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.3m to $15.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2020, when income rose by 31%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fiafw Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include College Achieve Public Charter Schools Inc ($15.0m), Leman Classical School ($15.0m) and Edsys Inc ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $161k (0.8% of expenses). Other salaries and wages came to $9.2m. At year end it held assets of $53.1m against liabilities of $54.8m, net assets of -$1.7m. It reported 284 employees.