Education
(B800)
IRS Verified
DX Registered
990 on File
FORTY-NINER SHOPS INC
Financial strength (30%)
90/100
Reliability (20%)
55/100
Effectiveness (25%)
76/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$24.9M
Total Revenue
$21.3M
Total Expenses
$16.8M
Net Assets
721
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
78.5%
Fundraising Efficiency
N/A
Operating Reserve
9.43x
Liability-to-Asset
44.1%
Revenue Diversification
90.7%
Executive Compensation
$472K
Compared with Peers
FY 2025
Compared with 1,600 similar organizations
(United States, Education, $10M–$100M in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
78.5% | 84.4% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.5% | 13.6% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 0.5% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
9.4 mo | 10.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
44.1% | 32.5% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
90.7% | 88.2% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
15.3% | 5.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
14.4% | 5.7% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
14.4% | 3.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $24.9M | $21.3M | $16.8M | 78.5% | 721 |
| 2024 | $21.6M | $18.7M | $15.9M | 82.7% | 703 |
| 2023 | $19.4M | $18.2M | $12.9M | 83.2% | 702 |
| 2022 | $20.7M | $16.7M | N/A | — | 453 |
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