Faculty Benevolent Association Inc

Analysis

Faculty Benevolent Association Inc is a registered charity in United States, based in Pella, IA. It received its IRS tax-exemption ruling in August 1991, 35 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, Faculty Benevolent Association Inc reported income of $153k and spending of $132k, spending 87% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $102k to $153k (+49%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Faculty Benevolent Association Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IA. Charities of a similar size with the same main cause include Outpost Fellowship ($153k), Worldwide Marriage Encounter ($153k) and 836 Inc ($153k).

Other salaries and wages came to $68k. At year end it held assets of $246k against liabilities of $5,212, net assets of $240k. It reported 3 employees.