Federation Homes Inc

Analysis

Federation Homes Inc is a registered charity in United States, based in Weatogue, CT. It received its IRS tax-exemption ruling in October 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 September 2023, Federation Homes Inc reported income of $2.0m and spending of $1.8m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.8m to $2.0m (+9.3%), an average of +2.2% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Federation Homes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within CT. Charities of a similar size with the same main cause include From House to Home Inc ($2.0m), Habitat for Humanity International Inc ($2.0m) and Christian Associates of Table Rock Lake ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 74% and program service revenue 26% of the total. Compensation of current officers, directors and key employees was $147k (8.0% of expenses). Other salaries and wages came to $307k. At year end it held assets of $2.7m against liabilities of $4.1m, net assets of -$1.4m. It reported 4 employees.