Design FC Inc

Analysis

Design FC Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Design FC Inc reported income of $134k and spending of $102k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $90k to $134k (+49%), an average of +49% a year. The sharpest change came in the year to December 2023, when income rose by 49%. Over the whole period it spent 71% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Design FC Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include African Grove Institute for the Arts Inc ($134k), Artist Advocacy Foundation Inc ($134k) and Schoolhouse Theatre Foundation Inc ($134k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $69k against liabilities of $1,081, net assets of $68k.