Fleet Fund Inc

Analysis

Fleet Fund Inc is a registered charity in United States, based in Wellfleet, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fleet Fund Inc reported income of $127k and spending of $86k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $92k to $127k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fleet Fund Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include Helping Hugs ($127k), Society of St Vincent de Paul ($127k) and Gullo Companies Christmas for Kids Inc ($127k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $176k against liabilities of $0, net assets of $176k.