Fello Housing LLC

Analysis

Fello Housing LLC is a registered charity in United States, based in Severn, MD. It received its IRS tax-exemption ruling in April 2010, 16 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, Fello Housing LLC reported income of $2.5m and spending of $2.5m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $2.5m (+56%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 35%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fello Housing LLC sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Hilltop House Inc ($2.5m), Rebuilding Together Montgomery County Inc ($2.5m) and Narragansett Housing Development Fund Corp ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $145k (5.8% of expenses). Other salaries and wages came to $244k. At year end it held assets of $20.0m against liabilities of $20.6m, net assets of -$521k. It reported 10 employees.