Foundation House Ministries

Analysis

Foundation House Ministries is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in August 2013, 13 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Foundation House Ministries reported income of $265k and spending of $277k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $200k to $265k (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2022, when income rose by 18%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foundation House Ministries sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 60th percentile within TN. Charities of a similar size with the same main cause include Brooke Owens Fellowship ($265k), We Care Foster Care Inc ($265k) and Yarmouth Day Care ($265k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $121k. At year end it held assets of $231k against liabilities of $285k, net assets of -$55k. It reported 7 employees.

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.