FCL Educational Fund

Analysis

FCL Educational Fund is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 1986, 40 years ago. 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, FCL Educational Fund reported income of $94k and spending of $93k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $97k to $94k (-3.4%), an average of -0.9% a year. The sharpest change came in the year to December 2020, when income rose by 45%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, FCL Educational Fund sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 37th percentile within CA. Charities of a similar size with the same main cause include Ringtown Valley Fire and Rescue ($94k), Sycamore Education Foundation ($94k) and Little League Baseball Inc ($94k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $53k. At year end it held assets of $1.5m against liabilities of $455k, net assets of $1.0m.