Frankfort Community Housing Inc

Analysis

Frankfort Community Housing Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in October 1978, 48 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 December 2023, Frankfort Community Housing Inc reported income of $173k and spending of $208k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $286k to $173k (-40%), an average of -12% a year. The sharpest change came in the year to December 2020, when income dropped by 46%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frankfort Community Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within IN. Charities of a similar size with the same main cause include Good Shepherd Housing Inc ($173k), Muldrow Senior Housing Inc ($173k) and George Gervin Wings of Hope ($173k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $37k. At year end it held assets of $735k against liabilities of $555k, net assets of $180k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.