Fair Tide Inc

Analysis

Fair Tide Inc is a registered charity in United States, based in Kittery, ME. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Fair Tide Inc reported income of $1.8m and spending of $503k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $376k to $1.8m (+389%), an average of +49% a year. The sharpest change came in the year to June 2022, when income rose by 146%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fair Tide Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include St Mark Affordable Housing Development Fund Corporation ($1.8m), Watson Street Management & Development Corporation ($1.8m) and Wyoming Housing Network Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $78k (16% of expenses). Other salaries and wages came to $151k. At year end it held assets of $3.1m against liabilities of $164k, net assets of $2.9m. It reported 12 employees.