Failsafe-Era Inc

Analysis

Failsafe-Era Inc is a registered charity in United States, based in Fredericksbrg, VA. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover crime and legal-related, which this site groups under human rights and equality. 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, Failsafe-Era Inc reported income of $115k and spending of $127k, spending 110% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income grew from $34k to $115k (+239%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 496%. Over the whole period it spent 100% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Failsafe-Era Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Genesis Transitional Housing Ministries Inc ($115k), Ar&r Transitional Living Inc ($116k) and Chains of Grace Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,000 (4.7% of expenses). Other salaries and wages came to $9,270. At year end it held assets of $16k against liabilities of $16k, net assets of $141. It reported 3 employees.