Fidelis Educational Net Inc

Analysis

Fidelis Educational Net Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Fidelis Educational Net Inc reported income of $7.0m and spending of $154k, leaving 98% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income grew from $2.1m to $7.0m (+235%), an average of +35% a year. The sharpest change came in the year to December 2021, when income rose by 260%. Over the whole period it spent 3.1% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fidelis Educational Net Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include American Friends of the Kiev Jewish Community ($7.0m), Sudan Relief Fund Inc ($7.0m) and Center for Economic and Policy Research ($6.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $127.0m against liabilities of $3.0m, net assets of $124.0m.