Fountain House Residential Corp

Analysis

Fountain House Residential Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1984, 42 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, Fountain House Residential Corp reported income of $362k and spending of $355k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $360k to $362k (+0.4%), an average of +0.1% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fountain House Residential Corp sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 61st percentile within NY. Charities of a similar size with the same main cause include Safety Management Advocacy Resources Training ($361k), A Better Choice Womens Center ($362k) and Joy of Sharing Foundation ($361k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $370k against liabilities of $194k, net assets of $177k.