Family Housing and Adult Resources Inc

Analysis

Family Housing and Adult Resources Inc is a registered charity in United States, based in San Mateo, CA. It received its IRS tax-exemption ruling in February 1970, 56 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Family Housing and Adult Resources Inc reported income of $10.9m and spending of $10.1m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.0m to $10.9m (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2020, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Housing and Adult Resources Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include Safe Families for Children Alliance ($10.9m), Project Community Connections Inc ($11.0m) and Real Alternatives ($10.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $510k (5.0% of expenses). Other salaries and wages came to $6.6m. At year end it held assets of $18.7m against liabilities of $4.1m, net assets of $14.5m. It reported 139 employees.