Firm Foundations Youth Homes Inc

Analysis

Firm Foundations Youth Homes Inc is a registered charity in United States, based in Scottsdale, AZ. It received its IRS tax-exemption ruling in July 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 December 2022, Firm Foundations Youth Homes Inc reported income of $888k and spending of $898k, spending 101% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $567k to $888k (+56%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 41%. Over the whole period it spent 100% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Firm Foundations Youth Homes Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within AZ. Charities of a similar size with the same main cause include Capital Area Girls on the Run ($887k), Leadership Austin ($888k) and Beat the Streets Inc ($886k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $50k (5.6% of expenses). Other salaries and wages came to $316k. At year end it held assets of $1.2m against liabilities of $1.1m, net assets of $92k. It reported 19 employees.