Five24 Inc

Analysis

Five24 Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Five24 Inc reported income of $123k and spending of $114k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $99k to $123k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Five24 Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within WI. Charities of a similar size with the same main cause include Musigmaphi Foundation NFP ($123k), Gospel Joy International ($123k) and Counseling for Brazil Ministries Inc ($123k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $135k against liabilities of $182k, net assets of -$48k.