Fmi Inc

Analysis

Fmi Inc is a registered charity in United States, based in Coatesville, PA. It received its IRS tax-exemption ruling in June 1992, 34 years ago. 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, Fmi Inc reported income of $784k and spending of $836k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $383k to $784k (+105%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fmi Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within PA. Charities of a similar size with the same main cause include Society of the Precious Blood Senior Housing Corporation ($784k), Fifth City Child Development Institute Inc Preschool Program ($784k) and Lutheran Home Wilmington Property Inc ($784k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $101k (12% of expenses). Other salaries and wages came to $76k. At year end it held assets of $307k against liabilities of $10k, net assets of $296k. It reported 3 employees.