4th Corporation

Analysis

4th Corporation is a registered charity in United States, based in New Rockford, ND. It received its IRS tax-exemption ruling in April 1983, 43 years ago. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2022, 4th Corporation reported income of $3.8m and spending of $3.6m, spending 93% of its income. Across the 3 years on record, from March 2020 to March 2022, income fell from $4.1m to $3.8m (-5.8%), an average of -2.9% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 4th Corporation sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ND. Charities of a similar size with the same main cause include Tender Mercies Inc ($3.8m), Westchester Visiting Nurse Services Group Inc ($3.8m) and Business Expansion Funding Corp ($3.8m).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 0.2% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $120k (3.4% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $2.3m against liabilities of $593k, net assets of $1.7m. It reported 80 employees.