Favor Inc

Analysis

Favor Inc is a registered charity in United States, based in Wethersfield, CT. It received its IRS tax-exemption ruling in October 2002, 24 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 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, Favor Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.4m (+15%), an average of +3.5% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Favor Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within CT. Charities of a similar size with the same main cause include Family Planning Council of Iowa ($2.4m), Blue Mountain Clinic Inc ($2.4m) and Heartland Health Resource Center ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (3.9% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $463k against liabilities of $386k, net assets of $77k. It reported 32 employees.