Foundations for Living

Analysis

Foundations for Living is a registered charity in United States, based in Waupaca, WI. It received its IRS tax-exemption ruling in November 2011, 15 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, Foundations for Living reported income of $497k and spending of $357k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $247k to $497k (+101%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 67% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Foundations for Living sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Blue Triangle Multicultural Association Inc ($497k), Mich Interfaith Housing Corp Inc ($497k) and Beth Sholom Assisted Living ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $67k (19% of expenses). Other salaries and wages came to $135k. At year end it held assets of $796k against liabilities of $131k, net assets of $665k. It reported 8 employees.