Fredricke Court Development Corporation

Analysis

Fredricke Court Development Corporation is a registered charity in United States, based in Brewster, MA. It received its IRS tax-exemption ruling in January 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, Fredricke Court Development Corporation reported income of $332k and spending of $369k, spending 111% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $253k to $332k (+31%), an average of +5.6% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fredricke Court Development Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Oklahoma Christian Apartments Inc ($332k), Tempro Development Company Inc ($332k) and West Texas Hero Homes Inc ($331k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 55% and program service revenue 44% of the total. At year end it held assets of $2.3m against liabilities of $70k, net assets of $2.3m.

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.