Fsca Inc

Analysis

Fsca Inc is a registered charity in United States, based in Winter Haven, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Fsca Inc reported income of $464k and spending of $644k, spending 139% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $493k to $464k (-5.9%), an average of -2.0% a year. The sharpest change came in the year to December 2022, when income rose by 89%. Over the whole period it spent 144% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fsca Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Pacifica Band & Auxiliary Corps Boosters ($464k), St Charles District Library ($464k) and It4causes ($463k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $49k (7.6% of expenses). Other salaries and wages came to $256k. At year end it held assets of $81k against liabilities of $705k, net assets of -$624k. It reported 38 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.