F B C Corp is a 501(c)(3) organization based in Charlotte, North Carolina, registered in 2000, with $1,509,282 in FY2023 revenue. CharityIndex grades it F.
Revenue (FY2023)
$1.5M
▲ 3.7% vs prior year
Housing median: $408K
Expenses (FY2023)
$1.8M
Net assets
-$1.4M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for F B C Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For F B C Corp: 0 mo reserves · -22% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for F B C Corp— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For F B C Corp: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue declined from $1.5M (FY2016) to $1.5M (FY2023) across 8 reported years.
Financial snapshot
Operating margin
-21.8%
Spent more than it raised in the latest fiscal year.
Total assets
$7.2M
Total liabilities
$8.6M
Net assets
-$1.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $1,509,282▲3.7% | $1,838,890▲13.8% | -$1,380,138▼31.4% | $7,202,525▼8.8% | 990 |
| 2022 | $1,455,718▲1.2% | $1,615,789▲8.9% | -$1,050,530▼18.0% | $7,901,199▼3.4% | 990 |
| 2021 | $1,438,360▲2.1% | $1,483,284▼31.7% | -$890,459▼5.3% | $8,179,810▼2.1% | 990 |
| 2020 | $1,408,256▲1.8% | $2,170,541▲36.0% | -$845,535▼916% | $8,359,502▼4.9% | 990 |
| 2019 | $1,383,396▲1.2% | $1,596,512▼1.9% | -$83,250▼164% | $8,786,139▼3.2% | 990 |
| 2018 | $1,366,877▼0.9% | $1,628,079▲7.9% | $129,866▼66.8% | $9,078,896▲0.5% | 990 |
| 2017 | $1,379,085▼9.6% | $1,509,566▼12.6% | $391,068▼25.0% | $9,037,850▼2.5% | 990 |
| 2016 | $1,525,391 | $1,727,005 | $521,549 | $9,270,810 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for F B C Corp (EIN 56-1058564) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.