Old Fort-4 Associates

Analysis

Old Fort-4 Associates is a registered charity in United States, based in Charlestown, NH. It received its IRS tax-exemption ruling in September 1956, 70 years ago. 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 March 2024, Old Fort-4 Associates reported income of $133k and spending of $145k, spending 109% of what it took in. Across the 6 years on record, from March 2019 to March 2024, income fell from $320k to $133k (-59%), an average of -16% a year. The sharpest change came in the year to March 2021, when income dropped by 87%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old Fort-4 Associates sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 45th percentile within NH. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($133k), Kiowa County Council on Aging Inc ($133k) and Lynn Sowers Memorial Foundation Inc ($133k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 54% and program service revenue 30% of the total. At year end it held assets of $408k against liabilities of $320k, net assets of $89k.

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.