FSC I&p

Analysis

FSC I&p is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, FSC I&p reported income of $4.6m and spending of $3.6m, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $4.6m (+167%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 180%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, FSC I&p sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within WA. Charities of a similar size with the same main cause include Community Foundation for Western Iowa ($4.6m), Vision Charitable Trust ($4.7m) and Shirleys Way ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $198k (5.5% of expenses). Other salaries and wages came to $749k. At year end it held assets of $3.8m against liabilities of $97k, net assets of $3.7m. It reported 12 employees.