Failte Care Corporation

Analysis

Failte Care Corporation is a registered charity in United States, based in Long Island City, NY. It received its IRS tax-exemption ruling in June 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Failte Care Corporation reported income of $809k and spending of $722k, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $390k to $809k (+107%), an average of +20% a year. The sharpest change came in the year to June 2023, when income rose by 29%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Failte Care Corporation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Haverhill Day Nursery Association Inc ($809k), Fristers ($809k) and Rosaleanas Community Developmentcenter Inc ($809k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $122k (17% of expenses). Other salaries and wages came to $193k. At year end it held assets of $2.4m against liabilities of $0, net assets of $2.4m. It reported 5 employees.