Fayette Cares Inc

Analysis

Fayette Cares Inc is a registered charity in United States, based in Somerville, TN. It received its IRS tax-exemption ruling in March 1987, 39 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 August 2023, Fayette Cares Inc reported income of $788k and spending of $631k, spending 80% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $624k to $788k (+26%), an average of +6.0% a year. The sharpest change came in the year to August 2021, when income rose by 20%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fayette Cares Inc 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 76th percentile, and in the 78th percentile within TN. Charities of a similar size with the same main cause include Safespace Inc ($787k), Beacon of Hope Center for Women Inc ($788k) and Tears Teens Empowerment Awareness with Resolutions ($787k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $114k (18% of expenses). Other salaries and wages came to $214k. At year end it held assets of $1.6m against liabilities of $17k, net assets of $1.6m. It reported 17 employees.