Fobt Pipeline Inc

Analysis

Fobt Pipeline Inc is a registered charity in United States, based in Jacksonville, FL. It received its IRS tax-exemption ruling in December 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Fobt Pipeline Inc reported income of $192k and spending of $222k, spending 116% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $192k (+699%), an average of +699% a year. The sharpest change came in the year to December 2023, when income rose by 699%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fobt Pipeline Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within FL. Charities of a similar size with the same main cause include Broadwal Inc ($192k), Hubbard County Senior Housing Inc ($192k) and International Women Associates Inc ($192k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $57k against liabilities of $88k, net assets of -$31k.