Fareshare North East

Analysis

Fareshare North East is a registered charity in England and Wales, based in Newcastle Upon Tyne. It was registered in June 2020, 6 years ago. Its declared purposes cover general charitable purposes, the prevention or relief of poverty, environment/conservation/heritage and economic/community development/employment, which this site groups under poverty relief. Legally it is a charitable incorporated organisation (CIO). It says it provides services.

In the financial year ending March 2025, Fareshare North East reported income of £723k and spending of £824k, spending 114% of what it took in. Across the 5 years on record, from March 2021 to March 2025, income grew from £546k to £723k (+32%), an average of +7.3% a year. The sharpest change came in the year to March 2023, when income rose by 30%. Over the whole period it spent 87% of the income it received.

Among 15,276 England and Wales charities whose main cause is poverty relief and that reported income, Fareshare North East sits at the 91st percentile: it is larger than about 91% of them. Against every charity in England and Wales with reported income it ranks in the 92nd percentile. Charities of a similar size with the same main cause include The Guild of Benevolence of the Institute of Marine Engineering, Science and Technology (£723k), St Andrew Holborn and Stafford's Charity (£724k) and Faiz Ul Quran Educational Institute (£723k).

In its latest detailed accounts, income came from charitable activities 95% and donations and legacies 4.1%. Charitable activities took 100% of spending and raising funds 0.0%. Reserves of £195k would cover about 3 months of spending at that rate. It employed 15 people.