Ficra Building Trust

Analysis

Ficra Building Trust is a registered charity in United States, based in Fox Island, WA. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Ficra Building Trust reported income of $128k and spending of $100k, leaving 22% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $242k to $128k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 67%. Over the whole period it spent 47% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Ficra Building Trust sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 39th percentile within WA. Charities of a similar size with the same main cause include Genesis Foundation Inc ($128k), Santa Fe Downtown Kiwanis Foundation ($128k) and Elmview Trust Fund ($128k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 10% of the total. At year end it held assets of $719k against liabilities of $2,200, net assets of $717k.