Strong Foundations Inc

Analysis

Strong Foundations Inc is a registered charity in United States, based in Monmouth, IL. It received its IRS tax-exemption ruling in October 2014, 12 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 March 2024, Strong Foundations Inc reported income of $154k and spending of $30k, leaving 81% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $132k to $154k (+17%), an average of +3.9% a year. The sharpest change came in the year to March 2022, when income rose by 330%. Over the whole period it spent 28% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Strong Foundations Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include Heroes Never Alone Inc ($154k), Seicca Housing 1 Inc ($154k) and Evergreen Terrace Senior Housing Inc ($154k).

On its Form 990 for the period ending March 2024, revenue came from program service revenue 12% of the total. Other salaries and wages came to $8,324. At year end it held assets of $1.0m against liabilities of $618, net assets of $1.0m.