FFTC Partners for Empowering Communities

Analysis

FFTC Partners for Empowering Communities is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2023, 3 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, FFTC Partners for Empowering Communities reported income of $19.3m and spending of $12.1m, leaving 37% of income unspent that year. Over the whole period it spent 63% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, FFTC Partners for Empowering Communities sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Ubc National Job Corps Training Fund Inc ($19.3m), Westchester Community Opportunity Program Inc ($19.4m) and Goodwill Industries of the Valleys Inc ($19.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $7.9m against liabilities of $58k, net assets of $7.8m.