Fifty5five Inc

Analysis

Fifty5five Inc is a registered charity in United States, based in Antelope, CA. It received its IRS tax-exemption ruling in October 2008, 18 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 December 2023, Fifty5five Inc reported income of $65k and spending of $91k, spending 139% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $86k to $65k (-24%), an average of -24% a year. The sharpest change came in the year to December 2023, when income dropped by 24%. Over the whole period it spent 110% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Fifty5five Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Elimu-Usa ($65k), Teewinot Institute ($65k) and American-Isreal Education and Economic Institute of Illinois ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 85% of the total. At year end it held assets of $194k against liabilities of $743, net assets of $193k.