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New York · Nonprofit

FABSCRAP INC

FABSCRAP INC (New York) receives grants from 17 organizations whose IRS filings report $544,682 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($120,150). 12 of them have funded it in more than one year, and 64% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.

Revenue FY2024
$1.6M
Funders on record
17
Grants received
$545k
Net assets
$86k
12/17 repeat funderspeak grant-dependency 9%
01What it does

What Fabscrap Inc does

Mission

To maximize the value of unused fabric, fabscrap is a convenient and transparent service, is an affordable and accessible materials resource, and is educating and empowering a diverse community of changemakers.

As stated on its FY2024 Form 990.

Programs

  1. Recycling service:304,625 lbs of fabric saved from landfill, added 52 new brand partners, 1,005 requests for service completed in 2024.

    $342,979 spent
    53% of program spending
  2. Reuse resource:: 78,999 lbs of fabric redistributed for reuse, 29,317 lbs of fabric given for free

    $190,359 spent
    30% of program spending
  3. Community and education: 5,832 volunteers, 97 education events and workshops with a reach of 3,475 people

    $130,861 spent
    20% of program spending
  4. Fabscrap was created to meet nyc's commercial textile recycling needs. Materials that traditionally would have gone to landfill are now being properly recycled and made available for reuse.

    $-20,994 spent
    -3% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $643,205.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($92k) Expenses 100 ($107k) Net assets 100 ($13k)2018 Revenue 402 ($371k) Expenses 276 ($294k) Net assets 687 ($90k)2019 Revenue 677 ($625k) Expenses 549 ($585k) Net assets 1226 ($160k)2020 Revenue 730 ($674k) Expenses 696 ($742k) Net assets 703 ($92k)2021 Revenue 1320 ($1.2M) Expenses 1059 ($1.1M) Net assets 1395 ($182k)2022 Revenue 1636 ($1.5M) Expenses 1473 ($1.6M) Net assets 959 ($125k)2023 Revenue 1342 ($1.2M) Expenses 1328 ($1.4M) Net assets -12 ($-1558)2024 Revenue 1753 ($1.6M) Expenses 1462 ($1.6M) Net assets 658 ($86k)
'17'18'19'20'21'22'23'24
Revenue (1753)Expenses (1462)Net assets (658)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $237k to $1.6M (+582%).

$22k
$93k
$222k
$347k
$634k
$398k
$237k
$1.6M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2021 3% · 2024 11%. Grants only. Government contracts and fees sit inside program revenue.

29% of FABSCRAP INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (88% for the typical peer).

This organization
Typical peer · 2,293 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.

−$14k
’17
$77k
’18
$40k
’19
−$68k
’20
$90k
’21
−$59k
’22
−$177k
’23
$60k
’24
0.6
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Dave Hirschler

Chairman

As listed on its FY2024 Form 990.

2018201920202021202220232024
Listed7555555
Joined·+1+0+0+0+1+0
No longer listed·300010
03Who funds it

Who funds it, year by year

2018 → 2023: the base broadened from 2 funders to 9 funders, grant income rose $31k → $96k.

6 of 17 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 64% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FABSCRAP INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FABSCRAP INC has a broad base — no single funder exceeds 22% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

78% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FABSCRAP INC.

22%
largest funder
55%
top three
~7
effective funders

Largest funder’s share by year: 2018 97% · 2019 100% · 2020 96% · 2021 75% · 2022 48% · 2023 53% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

40% of FABSCRAP INC's funders are still giving 3 years after their first grant; 71% give in more than one year at all.

first grant+1y+2y+3y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

64% of FABSCRAP INC's grant income arrives through donor-advised or pass-through sponsors, whose addresses record where the money is held rather than where the donor is. Of the $197k that is directly attributable, 56% of it comes from New York funders.

IL
NY
PA
VA
DC

In-state vs out-of-state, by year

’18
’19
’20
’21
’22
’23
New York out of state home

Funder states come from each funder’s own filing. $347k arriving through sponsors registered in 5 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FABSCRAP INC has grown faster than three-quarters of the 2,186 environment nonprofits its size.

Operating margin4% · below the median
Months of reserve0.6mo · bottom quartile
Revenue growth (annualized)51% · top quartile

this organization peer median middle 50% of peers· 2,186 environment nonprofits $1M–$10M, FY2024

Organizations like FABSCRAP INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In New York

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

41% of spending goes to programs.

Program 41%Management 56%Fundraising 2%

Governance

6
board members
50%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

100%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 1 state

NY

Screen this organization

A dated, signed PDF of the compliance screen for FABSCRAP INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FABSCRAP INC?
FABSCRAP INC (New York) receives grants from 17 organizations whose IRS filings report $544,682 to it, the largest being FIDELITY INVESTMENTS CHARITABLE GIFT FUND ($120,150). 12 of them have funded it in more than one year, and 64% of the money arrives through donor-advised or pass-through sponsors rather than from an institution directly.
How many funders does FABSCRAP INC have?
IRS filings report 17 organizations giving $544,682 in grants to FABSCRAP INC, 12 of which have funded it in more than one year.
Who is the largest funder of FABSCRAP INC?
FIDELITY INVESTMENTS CHARITABLE GIFT FUND is the largest funder on record, with $120,150 in grants. The full list of funders is on this page.
How can an organization like FABSCRAP INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Fabscrap →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 17 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing