FDM World Inc

Analysis

FDM World Inc is a registered charity in United States, based in Horseshoe Bay, TX. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, FDM World Inc reported income of $447k and spending of $431k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $269k to $447k (+66%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, FDM World Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within TX. Charities of a similar size with the same main cause include World Christian Restaurant Ministries Inc ($446k), Goby International Ministries ($447k) and Lead with Your Life Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $131k (30% of expenses). Other salaries and wages came to $9,710. At year end it held assets of $47k against liabilities of $7,624, net assets of $39k. It reported 3 employees.