Frontier Housing Corporation

Analysis

Frontier Housing Corporation is a registered charity in United States, based in Dexter, NY. It received its IRS tax-exemption ruling in July 1981, 45 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, Frontier Housing Corporation reported income of $843k and spending of $860k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $731k to $843k (+15%), an average of +3.6% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frontier Housing Corporation sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Achieveability ($843k), Homeless Engagement & Lift Partnership ($843k) and Western N C Housing Partnership Inc ($842k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $68k (7.9% of expenses). Other salaries and wages came to $128k. At year end it held assets of $3.5m against liabilities of $1.5m, net assets of $2.0m. It reported 11 employees.