Fellowship Place Inc

Analysis

Fellowship Place Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in April 1978, 48 years ago. 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, Fellowship Place Inc reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.8m to $3.3m (+18%), an average of +4.3% a year. The sharpest change came in the year to June 2024, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fellowship Place Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within CT. Charities of a similar size with the same main cause include Florida Is for Veterans Inc ($3.3m), Mid Cities Learning Center Inc ($3.3m) and Family Support Services of West Haw Aii ($3.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 7.2% of the total. Compensation of current officers, directors and key employees was $171k (5.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $4.8m against liabilities of $375k, net assets of $4.4m. It reported 49 employees.