Fairmount Plaza Inc a Missouri Non- Profit Corporation

Analysis

Fairmount Plaza Inc a Missouri Non- Profit Corporation is a registered charity in United States, based in Independence, MO. It received its IRS tax-exemption ruling in May 2001, 25 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, Fairmount Plaza Inc a Missouri Non- Profit Corporation reported income of $415k and spending of $486k, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $393k to $415k (+5.7%), an average of +1.4% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fairmount Plaza Inc a Missouri Non- Profit Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 65th percentile within MO. Charities of a similar size with the same main cause include Rangeley Housing Development Corporation ($415k), St James of Baton Rouge Foundation Inc ($415k) and Ucc VI Inc ($415k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $99k. At year end it held assets of $2.3m against liabilities of $40k, net assets of $2.3m.

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.