Fountainville Project Inc

Analysis

Fountainville Project Inc is a registered charity in United States, based in Warminster, PA. It received its IRS tax-exemption ruling in December 1998, 28 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 June 2023, Fountainville Project Inc reported income of $137k and spending of $166k, spending 121% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $135k to $137k (+1.8%), an average of +1.8% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fountainville Project Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within PA. Charities of a similar size with the same main cause include Justin C Stewart Plaza Housing Corporation ($137k), Independent Living Horizons Four Inc ($138k) and Bicentennial Apartments Inc ($137k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $249k against liabilities of $862k, net assets of -$613k.