Falmouth Housing Corporation

Analysis

Falmouth Housing Corporation is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in February 1997, 29 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 (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, Falmouth Housing Corporation reported income of $1.6m and spending of $931k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $879k to $1.6m (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 254%. Over the whole period it spent 47% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Falmouth Housing Corporation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include United Caring Shelters Inc ($1.6m), Greencastle of Barrington Inc ($1.6m) and Beth-El Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 10% and program service revenue 71% of the total. Other salaries and wages came to $459k. At year end it held assets of $9.2m against liabilities of $126k, net assets of $9.1m. It reported 15 employees.