The Fathers Business Inc

Analysis

The Fathers Business Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Fathers Business Inc reported income of $171k and spending of $239k, spending 140% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $138k to $171k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 34%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Fathers Business Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within AL. Charities of a similar size with the same main cause include Charles Smithgall Humane Society Inc ($171k), Upper St Clair Independent Hockey Club ($171k) and Hampshire County Helping Hands Society Inc ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $6,500. At year end it held assets of $199k against liabilities of $3,040, net assets of $196k. It reported 2 employees.