Fatty Acid Research Institute

Analysis

Fatty Acid Research Institute is a registered charity in United States, based in Sioux Falls, SD. It received its IRS tax-exemption ruling in January 2021, 5 years ago. 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, Fatty Acid Research Institute reported income of $586k and spending of $389k, leaving 34% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $325k to $586k (+80%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 93%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fatty Acid Research Institute sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within SD. Charities of a similar size with the same main cause include Angels in Motion Learning Center Inc ($585k), Bethel Family Ministries ($586k) and New River House Inc ($585k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $4,050 (1.0% of expenses). At year end it held assets of $379k against liabilities of $38k, net assets of $341k.