Fayette Resale Incorporated

Analysis

Fayette Resale Incorporated is a registered charity in United States, based in LA Grange, TX. It received its IRS tax-exemption ruling in January 1999, 27 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 December 2023, Fayette Resale Incorporated reported income of $1.5m and spending of $1.2m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $820k to $1.5m (+80%), an average of +16% a year. The sharpest change came in the year to December 2021, when income rose by 49%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fayette Resale Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Elder Law of Michigan Inc ($1.5m), Ability Resources ($1.5m) and Bald Ridge Lodge Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $91k (7.9% of expenses). Other salaries and wages came to $334k. At year end it held assets of $3.1m against liabilities of $95k, net assets of $3.0m. It reported 39 employees.