Supreme Council Fitzwater Development Corporation

Analysis

Supreme Council Fitzwater Development Corporation is a registered charity in United States, based in Duarte, CA. It received its IRS tax-exemption ruling in July 1981, 45 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Supreme Council Fitzwater Development Corporation reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $1.9m to $2.0m (+4.3%), an average of +1.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Supreme Council Fitzwater Development Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within CA. Charities of a similar size with the same main cause include Urban Hope Inc ($2.0m), Castle Cares Community Ministries ($2.0m) and Milford Council on Aging ($2.0m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $526k. At year end it held assets of $4.5m against liabilities of $8.5m, net assets of -$4.0m. It reported 10 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.