Fidelco Guide Dog Foundation Inc

Analysis

Fidelco Guide Dog Foundation Inc is a registered charity in United States, based in Bloomfield, CT. It received its IRS tax-exemption ruling in August 1990, 36 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, Fidelco Guide Dog Foundation Inc reported income of $3.5m and spending of $6.4m, spending 183% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $4.2m to $3.5m (-18%), an average of -4.7% a year. The sharpest change came in the year to June 2021, when income dropped by 22%. Over the whole period it spent 156% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fidelco Guide Dog Foundation Inc sits at the 88th percentile: it is larger than about 88% 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 Edmonds Food Bank ($3.5m), Lifesong Inc ($3.5m) and Young Mens Christian Assn ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 1.2% of the total. Compensation of current officers, directors and key employees was $734k (11% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $15.3m against liabilities of $3.7m, net assets of $11.6m. It reported 62 employees.

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.