F C Frederick Inc

Analysis

F C Frederick Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2023, F C Frederick Inc reported income of $1.7m and spending of $1.5m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.7m to $1.7m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2022, when income rose by 24%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, F C Frederick Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Queen City Mutiny Inc ($1.7m), The First Tee of Greater Washington ($1.7m) and Djct-Np Inc ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $249k (16% of expenses). Other salaries and wages came to $353k. At year end it held assets of $4.7m against liabilities of $349k, net assets of $4.3m. It reported 55 employees.