Fitch Court Apartments Inc

Analysis

Fitch Court Apartments Inc is a registered charity in United States, based in Windsor, CT. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Fitch Court Apartments Inc reported income of $537k and spending of $471k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $374k to $537k (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2023, when income rose by 44%. Over the whole period it spent 110% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fitch Court Apartments Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within CT. Charities of a similar size with the same main cause include Camp Tyler Foundation ($537k), Nami West Central Indiana Inc ($538k) and Park City-Summit County Arts Council ($537k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $72k. At year end it held assets of $1.5m against liabilities of $1.4m, net assets of $64k.