Federal Hill House Association Inc

Analysis

Federal Hill House Association Inc is a registered charity in United States, based in Providence, RI. It received its IRS tax-exemption ruling in December 1955, 71 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, Federal Hill House Association Inc reported income of $7.6m and spending of $7.8m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $7.6m (+142%), an average of +25% a year. The sharpest change came in the year to December 2021, when income rose by 158%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Federal Hill House Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within RI. Charities of a similar size with the same main cause include Multi Community Diversified Services Inc ($7.6m), Last Mile Food Rescue ($7.6m) and Vermont Catholic Charities Inc ($7.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $109k (1.4% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $2.4m against liabilities of $813k, net assets of $1.6m. It reported 78 employees.