Faneuil HIV Housing Corporation

Analysis

Faneuil HIV Housing Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1993, 33 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, Faneuil HIV Housing Corporation reported income of $303k and spending of $402k, spending 133% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $277k to $303k (+9.4%), an average of +2.3% a year. Over the whole period it spent 155% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Faneuil HIV Housing Corporation sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include The Iiibs Foundation ($303k), Natura International Inc ($303k) and Magnalia Homestead Foundation ($303k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $548k against liabilities of $3.0m, net assets of -$2.5m.

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.