Finex House Incorporated

Analysis

Finex House Incorporated is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in December 1983, 43 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 June 2022, Finex House Incorporated reported income of $1.5m and spending of $1.2m, spending 82% of its income. Across the 3 years on record, from June 2020 to June 2022, income grew from $1.4m to $1.5m (+9.9%), an average of +4.8% a year. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Finex House Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Mobile Meals of Southern Arizona ($1.5m), Inward Bound Mindfulness Education Inc ($1.5m) and Georgia Committee on Employment of People with Disabilities Inc ($1.5m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (8.5% of expenses). Other salaries and wages came to $641k. At year end it held assets of $1.3m against liabilities of $157k, net assets of $1.1m. It reported 20 employees.