Fayette County Citizens for Progress Inc

Analysis

Fayette County Citizens for Progress Inc is a registered charity in United States, based in Somerville, TN. It received its IRS tax-exemption ruling in September 1988, 38 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 June 2023, Fayette County Citizens for Progress Inc reported income of $448k and spending of $238k, leaving 47% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $158k to $448k (+183%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 176%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fayette County Citizens for Progress Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within TN. Charities of a similar size with the same main cause include Skyline Recovery ($448k), Longmont Housing Development Corporation ($448k) and Housing Development Corporation of Hampton Roads ($448k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% and program service revenue 55% of the total. Other salaries and wages came to $31k. At year end it held assets of $1.5m against liabilities of $34k, net assets of $1.5m. It reported 1 employees.