Fairhaven Residents Association Inc

Analysis

Fairhaven Residents Association Inc is a registered charity in United States, based in Sykesville, MD. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fairhaven Residents Association Inc reported income of $175k and spending of $183k, spending 105% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $180k to $175k (-2.4%), an average of -0.8% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairhaven Residents Association Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MD. Charities of a similar size with the same main cause include White Lion Farms Foundation ($175k), St Anastasia St Mark Conference Society of St Vincent Depaul Inc ($175k) and Bear Lake Senior Citizens Inc ($175k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 17% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.