Fsy LLC

Analysis

Fsy LLC is a registered charity in United States, based in Provo, UT. It received its IRS tax-exemption ruling in June 2016, 10 years ago. 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 2023, Fsy LLC reported income of $87.2m and spending of $87.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $20.7m to $87.2m (+322%), an average of +43% a year. The sharpest change came in the year to December 2022, when income rose by 609%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fsy LLC sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within UT. Charities of a similar size with the same main cause include Impactlife ($87.1m), Catholic Charities Community Services Archdiocese of New York ($87.4m) and Trousdale Foundation Inc ($86.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Other salaries and wages came to $19.6m. At year end it held assets of $2.4m against liabilities of $1.9m, net assets of $454k. It reported 3,051 employees.