F Bites Inc

Analysis

F Bites Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in February 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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 2023, F Bites Inc reported income of $786k and spending of $588k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $224k to $786k (+251%), an average of +37% a year. The sharpest change came in the year to December 2021, when income rose by 214%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, F Bites Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Expect More Arizona an Arizona Nonprofit Corporation ($786k), First Chance for Children ($786k) and Meadowbrook Farm ($786k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $35k (6.0% of expenses). Other salaries and wages came to $178k. At year end it held assets of $264k against liabilities of $135k, net assets of $129k. It reported 59 employees.