Fair Share Housing Development Inc

Analysis

Fair Share Housing Development Inc is a registered charity in United States, based in Mount Laurel, NJ. It received its IRS tax-exemption ruling in August 1989, 37 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 December 2023, Fair Share Housing Development Inc reported income of $6.3m and spending of $1.5m, leaving 75% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $6.3m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 126%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fair Share Housing Development Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within NJ. Charities of a similar size with the same main cause include Cumbernauld Village Inc ($6.3m), Friends Rehabilitation Program Inc ($6.3m) and Sacramento Housing Authority Repositioning Program Inc ($6.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 15% of the total. Other salaries and wages came to $792k. At year end it held assets of $37.4m against liabilities of $977k, net assets of $36.4m. It reported 33 employees.