Casa Farnese Inc

Analysis

Casa Farnese Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in October 1968, 58 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, Casa Farnese Inc reported income of $4.4m and spending of $4.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.1m to $4.4m (+7.2%), an average of +1.8% a year. 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, Casa Farnese Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within PA. Charities of a similar size with the same main cause include Stonehaven Student Housing Inc ($4.4m), Rescue Mission of Mahoning Valley ($4.4m) and Neighborhood Housing Services of New Haven Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $642k. At year end it held assets of $17.2m against liabilities of $10.6m, net assets of $6.6m. It reported 15 employees.