Fraternity House Inc

Analysis

Fraternity House Inc is a registered charity in United States, based in Vista, CA. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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, Fraternity House Inc reported income of $1.2m and spending of $1.2m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $909k to $1.2m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2020, when income rose by 17%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fraternity House Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Natalbany Volunteer Fire Dept Inc ($1.2m), Sudbury Valley School Inc ($1.2m) and Alaska Public Interest Research Group Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 13% of the total. Other salaries and wages came to $570k. At year end it held assets of $388k against liabilities of $42k, net assets of $345k. It reported 25 employees.