Fidelity House Inc

Analysis

Fidelity House Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in September 1971, 55 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Fidelity House Inc reported income of $36.8m and spending of $35.2m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.2m to $36.8m (+65%), an average of +13% a year. The sharpest change came in the year to June 2020, when income rose by 34%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fidelity House Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Friendship Village of Dublin Ohio Inc ($36.8m), Rockaway Home Attendant Services Inc ($36.8m) and The Pines at Davidson Inc ($36.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.7% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $634k (1.8% of expenses). Other salaries and wages came to $18.7m. At year end it held assets of $26.4m against liabilities of $12.9m, net assets of $13.5m. It reported 494 employees.