For Others Collective Inc

Analysis

For Others Collective Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in January 2024, 2 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, For Others Collective Inc reported income of $8.9m and spending of $5.6m, leaving 37% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.5m to $8.9m (+152%), an average of +36% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 59% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, For Others Collective Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Maspeth Town Hall Inc ($8.9m), Easter Seals West Kentucky Inc ($8.9m) and Domestic Violence Intervention Services Inc ($8.9m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 108% of the total. Compensation of current officers, directors and key employees was $293k (5.2% of expenses). Other salaries and wages came to $456k. At year end it held assets of $8.6m against liabilities of $231k, net assets of $8.4m. It reported 10 employees.