Forty-Niner Shops Inc

Analysis

Forty-Niner Shops Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in January 1955, 71 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Forty-Niner Shops Inc reported income of $21.6m and spending of $18.7m, spending 86% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $17.6m to $21.6m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Forty-Niner Shops Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include James Madison University Foundation Inc ($21.6m), Bayside Academy Inc ($21.6m) and LTTS Charter School Inc ($21.6m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 11% of the total. Compensation of current officers, directors and key employees was $312k (1.7% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $28.5m against liabilities of $12.5m, net assets of $15.9m. It reported 703 employees.