Fika

Analysis

Fika is a registered charity in United States, based in Greenwood Village, CO. It received its IRS tax-exemption ruling in July 2001, 25 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 August 2023, Fika reported income of $10.4m and spending of $11.1m, spending 107% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income grew from $5.4m to $10.4m (+92%), an average of +18% a year. The sharpest change came in the year to August 2022, when income rose by 185%. Over the whole period it spent 89% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fika sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CO. Charities of a similar size with the same main cause include Dorcas International Institute of Rhode Island Inc ($10.4m), Grameen Foundation USA ($10.4m) and Spark Microgrants ($10.3m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $526k (4.7% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $8.3m against liabilities of $1.9m, net assets of $6.4m. It reported 15 employees.