FCS New Market Landlord Inc

Analysis

FCS New Market Landlord Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, FCS New Market Landlord Inc reported income of $165k and spending of $428k, spending 260% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $21k to $165k (+684%), an average of +67% a year. The sharpest change came in the year to June 2020, when income rose by 236%. Over the whole period it spent 516% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, FCS New Market Landlord Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within TN. Charities of a similar size with the same main cause include Myka Foundation ($165k), Corporations Caring for Kids Inc ($165k) and Fondation Saint Joseph ($165k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $9.4m against liabilities of $10.1m, net assets of -$686k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.