FSL Home Improvements

Analysis

FSL Home Improvements is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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, FSL Home Improvements reported income of $15.0m and spending of $14.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.8m to $15.0m (+157%), an average of +27% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, FSL Home Improvements sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within AZ. Charities of a similar size with the same main cause include Hartford Healthcare Independence at Home Inc ($15.0m), Margaret Anna Cusack Care Center Inc ($15.0m) and Regulatory Affairs Professionals Society ($15.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $1.3m, net assets of $1.9m. It reported 33 employees.