Fairview Terrace Inc

Analysis

Fairview Terrace Inc is a registered charity in United States, based in Muskogee, OK. It received its IRS tax-exemption ruling in February 2010, 16 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 December 2023, Fairview Terrace Inc reported income of $56k and spending of $92k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $56k (+8.4%), an average of +2.0% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairview Terrace Inc sits at the 13th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 20th percentile within OK. Charities of a similar size with the same main cause include Partners for Better Housing ($56k), Home Together Community Housing Corp ($56k) and Door County Secret Santa ($56k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Other salaries and wages came to $11k. At year end it held assets of $914k against liabilities of $1.2m, net assets of -$263k.

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.