Fisher-Titus Affiliated Services

Analysis

Fisher-Titus Affiliated Services is a registered charity in United States, based in Norwalk, OH. It received its IRS tax-exemption ruling in November 1985, 41 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 December 2023, Fisher-Titus Affiliated Services reported income of $4.3m and spending of $5.1m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.3m to $4.3m (-20%), an average of -5.3% a year. Over the whole period it spent 119% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fisher-Titus Affiliated Services sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within OH. Charities of a similar size with the same main cause include Fellowship House Inc ($4.3m), Pasco Hernando State College Foundation Inc ($4.3m) and I Care Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 68% of the total. Other salaries and wages came to $2.9m. At year end it held assets of $2.1m against liabilities of $3.5m, net assets of -$1.4m. 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.