Fseat Incorporated

Analysis

Fseat Incorporated is a registered charity in United States, based in Bunnell, FL. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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, Fseat Incorporated reported income of $132k and spending of $12k, leaving 91% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $171k to $132k (-23%), an average of -23% a year. The sharpest change came in the year to December 2023, when income dropped by 23%. Over the whole period it spent 7.4% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Fseat Incorporated sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Johnson Siding-Big Bend Fire Department Route 1 ($132k), Chandler Emergency Relief Fund ($132k) and Abaco Rescue Fund Non-Profit Corporation ($132k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $501k against liabilities of $0, net assets of $501k.