Fayco Enterprises Inc

Analysis

Fayco Enterprises Inc is a registered charity in United States, based in Vandalia, IL. It received its IRS tax-exemption ruling in August 1975, 51 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Fayco Enterprises Inc reported income of $6.6m and spending of $6.1m, spending 93% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.1m to $6.6m (+7.3%), an average of +2.4% a year. Over the whole period it spent 92% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Fayco Enterprises Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within IL. Charities of a similar size with the same main cause include Bestwork Industries for the Blind Inc ($6.5m), Structured Employment Economic Development Corporation ($6.6m) and Waccamaw Community Foundation Inc ($6.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $174k (2.9% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $5.5m against liabilities of $936k, net assets of $4.5m. It reported 259 employees.