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
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
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 spent53% of program spendingReuse resource:: 78,999 lbs of fabric redistributed for reuse, 29,317 lbs of fabric given for free
$190,359 spent30% of program spendingCommunity and education: 5,832 volunteers, 97 education events and workshops with a reach of 3,475 people
$130,861 spent20% of program spendingFabscrap 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.
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.
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%).
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.
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).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 4 of the last 8 reported years ran a deficit.
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.
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.
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.
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.
In-state vs out-of-state, by year
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.
Against its field
FABSCRAP INC has grown faster than three-quarters of the 2,186 environment nonprofits its size.
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
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
41% of spending goes to programs.
Governance
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
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.
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