Facts Initiative

Analysis

Facts Initiative is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2019, 7 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Facts Initiative reported income of $143k and spending of $133k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $83k to $143k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Facts Initiative sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Ride-On 4 Carrie ($143k), St Theodora for Challenged Kids Inc ($143k) and Integrita Healthcare Educational Foundation ($143k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. At year end it held assets of $10k against liabilities of $0, net assets of $10k.