Falcon Housing Corp

Analysis

Falcon Housing Corp is a registered charity in United States, based in E Longmeadow, MA. It received its IRS tax-exemption ruling in March 2001, 25 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, Falcon Housing Corp reported income of $579k and spending of $684k, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $435k to $579k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 126% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Falcon Housing Corp sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Mhany 2011 Housing Development Fund Corporation ($578k), Homecroft Inc ($579k) and Waimanalo Village Residents Corporation ($578k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% and program service revenue 36% of the total. At year end it held assets of $3.3m against liabilities of $581k, net assets of $2.7m.

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.