FCM Cares Inc

Analysis

FCM Cares Inc is a registered charity in United States, based in Murfreesboro, TN. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, FCM Cares Inc reported income of $139k and spending of $109k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $106k to $139k (+31%), an average of +7.0% a year. The sharpest change came in the year to December 2020, when income rose by 152%. Over the whole period it spent 82% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, FCM Cares Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within TN. Charities of a similar size with the same main cause include Compton Fund ($139k), Isabelle Ridgway Foundation ($139k) and S & S Club Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $222k against liabilities of $2,564, net assets of $220k.