F5 Project

Analysis

F5 Project is a registered charity in United States, based in Fargo, ND. It received its IRS tax-exemption ruling in January 2017, 9 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, F5 Project reported income of $4.3m and spending of $3.7m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $830k to $4.3m (+418%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 94% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, F5 Project sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ND. Charities of a similar size with the same main cause include Williamson County Childrens Advocacy Center Inc ($4.3m), Legal Defender Office of Summit County Ohio Inc ($4.3m) and Time for Freedom Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $173k (4.7% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $983k against liabilities of $310k, net assets of $673k. It reported 85 employees.