Fountainview at College Road Inc

Analysis

Fountainview at College Road Inc is a registered charity in United States, based in Monsey, NY. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fountainview at College Road Inc reported income of $8.9m and spending of $7.6m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.1m to $8.9m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fountainview at College Road Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 93rd percentile within NY. Charities of a similar size with the same main cause include Coal County General Hospital ($8.9m), Pioneer Concepts Inc ($8.9m) and Western Home Services Inc ($8.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 94% of the total. Other salaries and wages came to $1.3m. At year end it held assets of $24.8m against liabilities of $12.4m, net assets of $12.4m. It reported 67 employees.