Fort Fairfield Residential Development Corporation

Analysis

Fort Fairfield Residential Development Corporation is a registered charity in United States, based in Ft Fairfield, ME. It received its IRS tax-exemption ruling in May 1991, 35 years ago. 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 June 2024, Fort Fairfield Residential Development Corporation reported income of $280k and spending of $253k, spending 90% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $255k to $280k (+9.9%), an average of +1.9% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fort Fairfield Residential Development Corporation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Dream Keepers Inc ($280k), Association of School Business Officials International ($280k) and Friends of Tewksbury Youth Football Inc ($280k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 32% of the total. At year end it held assets of $1.1m against liabilities of $676k, net assets of $408k.