Falmouth Housing Trust Inc

Analysis

Falmouth Housing Trust Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in December 1988, 38 years ago. 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 June 2023, Falmouth Housing Trust Inc reported income of $2.1m and spending of $1.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $609k to $2.1m (+248%), an average of +37% a year. The sharpest change came in the year to June 2022, when income rose by 155%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Falmouth Housing Trust Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include New Beginnings Inc ($2.1m), S O S Inc ($2.1m) and Community Access-Supported Living ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. Compensation of current officers, directors and key employees was $108k (5.6% of expenses). Other salaries and wages came to $5,217. At year end it held assets of $3.3m against liabilities of $855k, net assets of $2.4m. It reported 2 employees.