Fayette Street Project

Analysis

Fayette Street Project is a registered charity in United States, based in Concord, NH. It received its IRS tax-exemption ruling in February 2002, 24 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 2024, Fayette Street Project reported income of $72k and spending of $95k, spending 132% of what it took in. Across the 2 years on record, from June 2023 to June 2024, income fell from $112k to $72k (-36%), an average of -36% a year. The sharpest change came in the year to June 2024, when income dropped by 36%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fayette Street Project sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within NH. Charities of a similar size with the same main cause include Independent Living Horizons Twelve Inc ($72k), Cats & Company ($72k) and Abilities at Eagles Nest Inc ($72k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 41% of the total. At year end it held assets of $403k against liabilities of $454k, net assets of -$52k.