Foundations for Home and Community Inc

Analysis

Foundations for Home and Community Inc is a registered charity in United States, based in Portsmouth, VA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Foundations for Home and Community Inc reported income of $4.1m and spending of $4.2m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.1m to $4.1m (+0.9%), an average of +0.2% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundations for Home and Community Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Western Fairfax Christian Ministries ($4.1m), Saugatuck Child Care Services Inc ($4.1m) and New Outlook Inc ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $175k (4.2% of expenses). At year end it held assets of $18.0m against liabilities of $753k, net assets of $17.3m. It reported 2 employees.