Federation Housing Inc

Analysis

Federation Housing Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Federation Housing Inc reported income of $5.8m and spending of $2.6m, leaving 54% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.9m to $5.8m (+99%), an average of +19% a year. The sharpest change came in the year to August 2021, when income rose by 178%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Federation Housing Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within PA. Charities of a similar size with the same main cause include Grow Associates Inc ($5.8m), Careerrise Inc ($5.8m) and Youth Employment Partnership Inc ($5.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 52% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $288k (11% of expenses). Other salaries and wages came to $832k. At year end it held assets of $32.1m against liabilities of $462k, net assets of $31.6m. It reported 78 employees.