Fame Assistance Corporation

Analysis

Fame Assistance Corporation is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in April 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Fame Assistance Corporation reported income of $1.8m and spending of $1.9m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.3m to $1.8m (-24%), an average of -6.6% a year. The sharpest change came in the year to June 2021, when income dropped by 27%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fame Assistance Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within CA. Charities of a similar size with the same main cause include Maine Aquaculture Innovation Center ($1.8m), Building Futures Inc ($1.8m) and Beloved Builders Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 70% of the total. Other salaries and wages came to $823k. At year end it held assets of $5.8m against liabilities of $4.1m, net assets of $1.6m. It reported 23 employees.