Master Faster Inc

Analysis

Master Faster Inc is a registered charity in United States, based in Monroe, NY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Master Faster Inc reported income of $5.9m and spending of $6.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $6.4m to $5.9m (-7.0%), an average of -1.8% a year. The sharpest change came in the year to December 2020, when income dropped by 26%. Over the whole period it spent 109% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Master Faster Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Addiction Recovery Care Association Inc ($5.9m), Princeton Rescue Squad Inc ($5.9m) and Abuse Counseling and Treatment Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $751k against liabilities of $1.8m, net assets of -$1.1m. It reported 293 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.