Fis Cares Inc

Analysis

Fis Cares Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in October 2020, 6 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, Fis Cares Inc reported income of $202k and spending of $291k, spending 144% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income fell from $1.2m to $202k (-83%), an average of -59% a year. The sharpest change came in the year to December 2021, when income dropped by 81%. Over the whole period it spent 49% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fis Cares Inc sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Linn Community Food Bank Inc ($202k), Warrior Shield Foundation Inc ($202k) and Forest Township Area Senior Centerinc ($202k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $849k against liabilities of $0, net assets of $849k.