Unfaulted Corporation

Analysis

Unfaulted Corporation is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in September 2022, 4 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 2023, Unfaulted Corporation reported income of $164k and spending of $202k, spending 123% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $224k to $164k (-27%), an average of -27% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 66% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Unfaulted Corporation 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 53rd percentile within TX. Charities of a similar size with the same main cause include Community Thrift Shoppe ($164k), New Hope for Children ($164k) and Enrichment Centers of Hernando Inc ($164k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% of the total. Other salaries and wages came to $103k. At year end it held assets of $138k against liabilities of $4,533, net assets of $133k. It reported 4 employees.