Fairhaven Homes 202

Analysis

Fairhaven Homes 202 is a registered charity in United States, based in Clarkston, WA. It received its IRS tax-exemption ruling in April 2005, 21 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 December 2023, Fairhaven Homes 202 reported income of $90k and spending of $145k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $85k to $90k (+5.4%), an average of +1.3% a year. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairhaven Homes 202 sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 29th percentile within WA. Charities of a similar size with the same main cause include Housing Consortium of Everett and Snohomish County ($90k), Pedigo Apartments Inc II ($90k) and Tau Crossing Housing Corporation II ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 74% of the total. Other salaries and wages came to $11k. At year end it held assets of $1.1m against liabilities of $1.8m, net assets of -$621k.

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.