Family Housing Fund

Analysis

Family Housing Fund is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in October 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Family Housing Fund reported income of $4.9m and spending of $5.7m, spending 117% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $4.9m (+157%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 605%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Family Housing Fund sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Carmel Terrace Inc ($4.9m), Rebuilding Together Greater Florida Inc ($4.9m) and Progress of Peoples Management Corp ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $280k (4.9% of expenses). Other salaries and wages came to $639k. At year end it held assets of $49.4m against liabilities of $1.2m, net assets of $48.3m. It reported 9 employees.